INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

United States and International Components of Income Before Income Taxes

The U.S. and International components of income before income taxes consisted of the following for the years ended December 31, 2015, 2014 and 2013:

In thousands
	2015		2014		2013
United States	$	378,815	$	441,029	$	407,315
Foreign	32,092		46,539		70,431
Total income before income taxes	$	410,907	$	487,568	$	477,746

Significant Components of Income Tax Expense

Significant components of our income tax expense for the years ended December 31, 2015, 2014 and 2013 are as follows:

In thousands
	2015			2014			2013
Current
United States - federal	$	105,941		$	118,217		$	103,751
United States - state and local	15,544			13,023			11,683
Foreign	16,512			14,930			24,486
	137,997			146,170			139,920
Deferred
United States - federal	23,762			29,730			31,808
United States - state and local	2,504			948			5,510
Foreign	(21,369		)	(15,339		)	(10,246		)
Foreign - changes in statutory rates	—			(2,087		)	(2,330		)
	4,897			13,252			24,742
Total provision	$	142,894		$	159,422		$	164,662

Reconciliation of Income Tax Provision Computed at Federal Statutory Rate to Effective Tax Rate

A reconciliation of the income tax provision computed at the federal statutory rate to the effective tax rate for the years ended December 31, 2015, 2014 and 2013 are as follows:

	2015		2014		2013
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
Effect of:
State and local taxes, net of federal tax effect	3.1	%	1.9	%	2.3	%
Foreign tax rates	(0.4	)%	(0.5	)%	(0.8	)%
Change in deferred tax assets from an increase in tax basis of foreign assets	(2.2	)%	(1.8	)%	—	%
Other	(0.7	)%	(1.9	)%	(2.0	)%
Effective tax rate	34.8	%	32.7	%	34.5	%

Deferred Tax Liabilities and Assets

Our deferred tax liabilities and assets at December 31, 2015 and 2014 were as follows:

In thousands
	2015			2014
Deferred tax liabilities:
Property, plant and equipment	$	(44,914	)	$	(41,071	)
Goodwill and intangibles	(719,789		)	(453,854		)
Other	(5,747		)	—
Total deferred tax liabilities	(770,450		)	(494,925		)
Deferred tax assets:
Accrued liabilities	69,895			32,664
Stock based compensation	74,794			21,139
Other	—			17,922
Net operating tax loss carry-forwards	37,976			20,017
Less: valuation allowance	(17,585		)	(56		)
Total deferred tax assets	165,080			91,686
Net deferred tax liabilities	$	(605,370	)	$	(403,239	)

Changes in Unrecognized Tax Positions

The following table summarizes the changes in unrecognized tax positions during the years ended December 31, 2015 and 2014:

In thousands
Unrecognized tax positions, January 1, 2014	$	14,910
Gross increases—tax positions in prior periods	200
Gross decreases—tax positions in prior periods	(762		)
Gross increases—current period tax positions	3,081
Settlement	(1,165		)
Lapse of statute of limitations	(1,169		)
Unrecognized tax positions, December 31, 2014	$	15,095
Gross increases—tax positions in prior periods	7,239
Gross decreases—tax positions in prior periods	(793		)
Gross increases—current period tax positions	5,976
Settlement	(200		)
Lapse of statute of limitations	(2,375		)
Unrecognized tax positions, December 31, 2015	$	24,942