Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Pre-tax book income (loss) for FY 2016, FY 2015 and FY 2014 were as follows:

	FY 2016			FY 2015			FY 2014
Domestic	$	(245,055	)	$	(300,534	)	$	118,060
Foreign		(80,946	)		16,260			49,050
Total pre-tax income (loss)	$	(326,001	)	$	(284,274	)	$	167,110

Income Tax Provision (Benefit) for Federal, and State and Local Income Taxes

The income tax provision (benefit) for federal, and state and local income taxes in the consolidated statement of operations consists of the following:

	Year Ended December 31, 2016			Year Ended December 31, 2015			Year Ended December 31, 2014
Current:
Federal	$	7,140		$	6,927		$	1,511
State and local		702			3,765			1,500
Foreign		11,246			6,800			13,153
Total current	$	19,088		$	17,492		$	16,164
Deferred:
Federal		(94,114	)		(110,705	)		27,705
State and local		594			(431	)		3,996
Foreign		(2,060	)		(1,700	)		423
Total deferred		(95,580	)		(112,836	)		32,124
Total provision (benefit)	$	(76,492	)	$	(95,344	)	$	48,288

Significant Components of Net Deferred Tax Assets

The significant components of net deferred tax assets of the Company consist of the following:

	December 31,
	2016			2015
State net operating loss carryforwards	$	753		$	839
U.S. Federal net operating loss carryforwards		6,467			4,036
Receivable reserves		5,495			1,911
Hedging transaction		5,611			15,164
Intangibles		3,185			3,105
Equity compensation		2,030			6,013
Foreign Tax Credit		18,190			15,305
Other		5,572			44
Total deferred tax assets		47,303			46,417
Valuation allowance		—			—
Net deferred tax assets	$	47,303		$	46,417
Trademarks, goodwill and other intangibles		(41,422	)		(123,348	)
Depreciation		(744	)		(990	)
Difference in cost basis of acquired intangibles		(50,650	)		(49,670	)
Convertible notes		(7,889	)		(17,853	)
Investment in joint ventures		(31,813	)		(35,261	)
Other accruals		—			(488	)
Total deferred tax liabilities		(132,518	)		(227,610	)
Total net deferred tax liabilities	$	(85,215	)	$	(181,193	)
Balance Sheet detail on total net deferred tax assets (liabilities):
Non-current portion of net deferred tax assets	$	884		$	—
Non-current portion of net deferred tax liabilities	$	(86,099	)	$	(181,193	)

Rate Reconciliation Between Amount of Income Tax Provision (Benefit) at Federal Rate and Provision (Benefit) from Taxes on Income (Loss) Before Income Tax

The following is a rate reconciliation between the amount of income tax provision (benefit) at the Federal rate of 35% and provision (benefit) from taxes on income (loss) before income taxes:

	Year ended December, 31
	2016			2015			2014
Income tax provision (benefit) computed at the federal rate of 35%	$	(114,100	)	$	(99,496	)	$	58,489
Increase (reduction) in income taxes resulting from:
State and local income taxes (benefit), net of federal income tax		742			6,337			3,090
Non-controlling interest		(1,619	)		(938	)		(6,552	)
Unrecognized tax benefits		241			6,985			—
Valuation allowance		—			(11,205	)		—
Non-deductible executive compensation		1,330			645			1,018
Foreign Earnings (rate differential)		37,674			349			(8,472	)
Other, net		(760	)		1,979			715
Total	$	(76,492	)	$	(95,344	)	$	48,288

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits Excluding Interest and Penalties

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding interest and penalties is as follows:

	FY 2016		FY 2015			FY 2014
Uncertain tax positions at January 1	$	7,470	$	1,180		$	1,180
Additions for current year tax positions		—		—		—
Additions for prior year tax positions		—		7,470		—
Reductions for prior year tax positions		—		—		—
Settlements		—		(1,180	)	—
Reductions due to lapse of applicable statute of limitation		—		—		—
Uncertain tax positions at December 31	$	7,470	$	7,470		$	1,180