Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income (loss) from continuing operations before income taxes consists of the following components:

(In thousands)	Years Ended December 31,
	2021		2020		2019
Domestic	$	292,364	$	437,039	$	529,451
Foreign	81,868		(34,660)		(43,265)
Total	$	374,232	$	402,379	$	486,186

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense attributable to continuing operations consists of the following components:

(In thousands)	Years Ended December 31,
	2021		2020		2019
Current expense:
Federal	$	19,751	$	86,977	$	81,459
State	10,360		17,733		12,657
Foreign	25,990		23,845		24,608
	56,101		128,555		118,724
Deferred expense (benefit):
Federal	24,923		(2,979)		(2,216)
State	2,715		(405)		(98)
Foreign	6,372		26,543		(36,602)
	34,010		23,159		(38,916)
Tax expense (benefit) relating to uncertain tax positions, including accrued interest	4,282		(6,323)		(1,338)
Income tax expense	$	94,393	$	145,391	$	78,470

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective income tax rate is as follows:

(In thousands)	Years Ended December 31,
	2021		2020		2019
U.S. federal statutory income tax rate	21	%	21	%	21	%
State and local income taxes, net of federal benefit	3		4		2
Effect of foreign operations	(1)		2		2
Non-deductible compensation expenses (a)	2		1		1
Excess tax deficiencies related to share-based compensation	(1)		2		—
Nontaxable income attributable to noncontrolling interests	(1)		(1)		(1)
Changes in the valuation allowance (b)	3		10		(4)
Tax expense relating to uncertain tax positions, including accrued interest, net of deferred tax benefits	1		(1)		—
Deferral of investment tax credit benefit (c)	(1)		(1)		(2)
Other	(1)		(1)		(3)
Effective income tax rate	25	%	36	%	16	%

(a)    In the year ended December 31, 2021, the increase in nondeductible compensation expense is primarily due to the expiration of grandfathered arrangements related to equity compensation under Internal Revenue Code Section 162(m). Prior periods have been restated for comparative purposes.

(b)    In the year ended December 31, 2021, the increase in valuation allowance relates primarily to the generation of excess foreign tax credits and a reduction in the expected utilization of interest expense carryforwards as a result of a tax assessment. In the year ended December 31, 2020, the increase in valuation allowance relates primarily to a change in judgement and a change in local tax law related to the utilization of foreign net operating loss carryforwards and other deferred tax assets. In the year ended December 31, 2019, the decrease in valuation allowance relates primarily to the expected utilization of foreign net operating loss carryforwards resulting from the reorganization of intellectual property amongst the Company’s international subsidiaries.

(c)    In the years ended December 31, 2021, 2020 and 2019, the deferral of investment tax credit benefit relates to the income tax benefit recognized from investment tax credits recorded using the deferral method of accounting.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant components of deferred tax assets or liabilities at December 31, 2021 and 2020 are as follows:

(In thousands)	December 31,
	2021		2020
Deferred Tax Asset (Liability)
NOLs and tax credit carry forwards	$	95,684	$	98,631
Compensation and benefit plans	19,450		22,562
Allowance for doubtful accounts	1,285		1,832
Fixed assets and intangible assets	39,860		42,550
Accrued interest expense	5,258		5,599
Other liabilities	15,913		16,682
Deferred tax asset	177,450		187,856
Valuation allowance	(105,494)		(96,199)
Net deferred tax asset	71,956		91,657
Prepaid liabilities	(642)		(538)
Fixed assets and intangible assets	(106,820)		(84,005)
Investments in partnerships	(92,866)		(77,619)
Other assets	(23,894)		(36,458)
Deferred tax liability	(224,222)		(198,620)
Total net deferred tax liability	$	(152,266)	$	(106,963)

Schedule Of Unrecognized Tax Benefits Reconciliation

A reconciliation of the beginning to ending amount of the liability for uncertain tax positions (excluding related accrued interest and deferred tax benefit) is as follows:

(In thousands)
Balance at December 31, 2020	$	9,685
Increases related to current year tax positions	245
Increases related to prior year tax positions	2,737
Decreases related to prior year tax positions	(421)
Decreases due to lapse of statute of limitations	(53)
Balance at December 31, 2021	$	12,193