Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Pre-tax book income (loss) for FY 2017, FY 2016 and FY 2015 were as follows:

	FY 2017			FY 2016			FY 2015
Domestic	$	(575,547	)	$	(255,003	)	$	(330,259	)
Foreign		(77,885	)		(80,946	)		16,260
Total pre-tax loss	$	(653,432	)	$	(335,949	)	$	(313,999	)

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, 2017			Year Ended December 31, 2016			Year Ended December 31, 2015
Current:
Federal	$	(1,152	)	$	7,140		$	6,927
State and local		986			702			3,765
Foreign		8,358			9,557			5,256
Total current	$	8,192		$	17,399		$	15,948
Deferred:
Federal		(93,376	)		(94,058	)		(117,623	)
State and local		(93	)		594			(526	)
Foreign		(10,700	)		(2,060	)		(1,700	)
Total deferred		(104,169	)		(95,524	)		(119,849	)
Total benefit	$	(95,977	)	$	(78,125	)	$	(103,901	)

Significant Components of Net Deferred Tax Assets and Liabilities

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

	December 31,
	2017			2016
State net operating loss carryforwards	$	1,225		$	753
U.S. Federal net operating loss carryforwards		4,278			6,467
Receivable reserves		675			5,495
Hedging transaction		551			5,611
Intangibles		68,922			3,185
Investment in joint ventures		6,733			—
Equity compensation		2,600			2,030
Foreign Tax Credit		5,317			18,190
Other		7,183			5,572
Total deferred tax assets		97,484			47,303
Valuation allowance		(80,800	)		—
Net deferred tax assets	$	16,684		$	47,303
Trademarks, goodwill and other intangibles		—			(41,422	)
Depreciation		(614	)		(744	)
Difference in cost basis of acquired intangibles		(22,652	)		(50,650	)
Convertible notes		(392	)		(7,889	)
Investment in joint ventures		—			(31,813	)
Total deferred tax liabilities		(23,658	)		(132,518	)
Total net deferred tax liabilities	$	(6,974	)	$	(85,215	)
Balance Sheet detail on total net deferred tax assets (liabilities):
Non-current portion of net deferred tax assets	$	4,492		$	884
Non-current portion of net deferred tax liabilities	$	(11,466	)	$	(86,099	)

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
	2017			2016			2015
Income tax benefit computed at the federal rate of 35%	$	(228,701	)	$	(117,582	)	$	(109,900	)
Increase (reduction) in income taxes resulting from:
State and local income taxes (benefit), net of federal income tax		(8,511	)		695			6,103
Non-controlling interest		8,869			567			1,257
Unrecognized tax benefits		1,690			241			6,985
Valuation allowance		80,800			—			(11,205	)
Change in position of prior year foreign tax credits		8,410			—			—
Non-deductible executive compensation		929			1,330			645
Foreign Earnings (rate differential)		6,287			37,384			235
US Tax Reform / rate reduction		34,205			—			—
Other, net		45			(760	)		1,979
Total	$	(95,977	)	$	(78,125	)	$	(103,901	)

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:

	2017			2016		2015
Uncertain tax positions at January 1	$	7,470		$	7,470	$	1,180
Additions for current year tax positions		—			—	—
Additions for prior year tax positions		—			—		7,470
Reductions for prior year tax positions		(397	)		—	—
Settlements		(6,719	)		—		(1,180	)
Uncertain tax positions at December 31	$	354		$	7,470	$	7,470