Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes for the years ended December 31 consists of the following:


	2020		2019		2018
Current:
Federal	$	5,085	$	3,887	$	(12,345)
State	7,114		(69)		20,141
International	130,883		134,808		178,767
	$	143,082	$	138,626	$	186,563
Deferred:
Federal	$	13,496	$	(54,356)	$	19,207
State	4,603		(2,710)		312
International	11,614		6,778		(18,283)
	29,713		(50,288)		1,236
	$	172,795	$	88,338	$	187,799

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The principal causes of the difference between the U.S. federal statutory tax rate of 21% and effective income tax rates for the years ended December 31 are as follows:


	2020		2019		2018
United States	$	104,637	$	(557,592)	$	186,677
International	654,622		445,762		722,696
Income (loss) before income taxes	$	759,259	$	(111,830)	$	909,373

Provision (benefit) at statutory tax rate	$	159,444	$	(23,484)	$	190,968
State taxes (benefit), net of federal benefit	10,218		(2,051)		16,166
International effective tax rate differential	3,112		17,474		7,480
U.S. tax on foreign earnings	5,316		26,013		—
Tax expense (benefit) on wind down of business (a)	1,937		(11,311)		—
Capital loss	—		—		(60,757)
Change in valuation allowance	2,906		1,305		66,557
Other non-deductible expenses	2,600		1,585		14,128
Changes in tax accruals	3,089		10,418		(3,968)
Tax credits	(16,075)		(3,034)		(7,884)
Non-deductible portion of impairment of goodwill	—		75,900		—
Tax Act's transition tax (b)	—		—		(28,323)
Other	248		(4,477)		(6,568)
Provision for income taxes	$	172,795	$	88,338	$	187,799

(a)The wind down of the company’s personal computer and mobility asset disposition business resulted in net tax expense (benefit) of $1,937 and $(11,311) during 2020 and 2019, respectively.

(b)For the year ended December 31, 2018, the company recorded a $28,323 benefit upon finalizing its analysis of the impact from the Tax Act.

Reconciliation of Unrecognized Tax Benefits [Table Text Block]

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 is as follows:


	2020		2019		2018
Balance at beginning of year	$	52,986	$	35,879	$	24,361
Additions based on tax positions taken during a prior period	8,574		13,018		583
Reductions based on tax positions taken during a prior period	(1,749)		(86)		(1,248)
Additions related to positions taken upon finalization of Tax Act during the current period	—		—		16,506
Additions based on tax positions taken during the current period	5,174		8,926		3,133
Reductions based on tax positions taken during the current period	(831)		(259)		(233)
Reductions related to settlement of tax matters	(538)		—		(136)
Reductions related to a lapse of applicable statute of limitations	(1,413)		(4,492)		(7,087)
Balance at end of year	$	62,203	$	52,986	$	35,879

Summary of Open Tax Years by Major Jurisdiction [Table Text Block]

In many cases the company's uncertain tax positions are related to tax years that remain subject to examination by tax authorities. The following describes the open tax years, by major tax jurisdiction, as of December 31, 2020:


United States - Federal						2016 - present
United States - States						2013 - present
Germany (a)						2013 - present
Hong Kong						2013 - present
Italy (a)						2013 - present
Sweden						2014 - present
United Kingdom						2016 - present

(a) Includes federal as well as local jurisdictions.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The deferred tax assets and liabilities consist of the following at December 31:


	2020		2019
Deferred tax assets:
Net operating loss carryforwards	$	90,179	$	96,605
Capital loss carryforwards	56,854		57,031
Inventory adjustments	58,088		54,500
Allowance for doubtful accounts	20,134		12,797
Accrued expenses	34,196		27,998
Interest carryforward	13,265		13,059
Stock-based compensation awards	8,972		11,006


Lease liability	83,698		74,935
Intangible assets	—		4,266
Other	4,659		15,685
	370,045		367,882
Valuation allowance	(83,942)		(81,037)
Total deferred tax assets	$	286,103	$	286,845

Deferred tax liabilities:
Goodwill	$	(122,129)	$	(109,131)
Depreciation	(113,587)		(115,459)
Intangible assets	(12,470)		—
Lease right-of-use assets	(75,968)		(69,491)


Total deferred tax liabilities	$	(324,154)	$	(294,081)
Total net deferred tax assets (liabilities)	$	(38,051)	$	(7,236)