INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Income (loss) before Income Taxes

The components of income (loss) before income taxes are as follows:



	Years Ended
	December 31, 2015		December 31, 2014		December 31, 2013
	(in thousands)
U.S.	$	23,235	$	3,375	$	25,648
Foreign	35,060		53,851		(26,161		)
Income (loss) before income taxes	$	58,295	$	57,226	$	(513	)

Schedule of Provision for Income Taxes

The provision for income taxes consists of the following:



		Years Ended
		December 31, 2015			December 31, 2014			December 31, 2013
		(in thousands)
Federal	Current	$	3,854		$	(4,739	)	$	4,805
	Deferred	15,806			10,013			(10,220		)
State	Current	230			241			35
	Deferred	(355		)	2,522			(124		)
Foreign	Current	11,246			8,009			25,362
	Deferred	612			5,972			1,684
Provision for income taxes		$	31,393		$	22,018		$	21,542

Schedule of Effective Income Tax Rate Reconciliation

The Company's effective tax rate differs from the U.S. Federal statutory income tax rate as follows:



	Years Ended
	December 31, 2015		December 31, 2014		December 31, 2013
U.S. Federal statutory income tax rate	35.00	%	35.00	%	35.00	%
State tax	(1.41	)	2.85		3.56
Effect of foreign operations	16.49		2.13		(3,979.63	)
Recognition of tax credits	(4.28	)	(5.27	)	875.54
Change of valuation allowance	(0.32	)	(2.14	)	(295.93	)
Transaction costs	6.98		3.86		—
Audit settlements and IRS refunds	(0.26	)	1.06		(828.85	)
Other, net (1)	1.64		0.96		(4.15	)
Effective tax provision rate	53.84	%	38.45	%	(4,194.46	)%


(1)	Other included items such as US permanent differences, return to provision true up, unrecognized tax benefit, and nondeductible stock compensation.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that constitute significant portions of the deferred tax assets and deferred tax liabilities are presented below:



	December 31, 2015			December 31, 2014
	(in thousands)
Deferred income tax assets:
Net operating losses	$	31,402		$	37,634
Research and development, foreign tax and other tax credits	71,381			55,408
Accrued liabilities	26,534			37,380
Fixed assets	49,067			54,348
Intangible assets	10,103			11,977
Deferred income	10,648			10,319
Share-based compensation	2,590			3,291
Unrealized foreign exchange translation	3,854			2,424
Other	1,307			2,363
Total deferred income tax assets	206,886			215,144
Deferred income tax liabilities:
Foreign losses subject to recapture	(11,510		)	(12,164		)
Total deferred tax liabilities	(11,510		)	(12,164		)
Less valuation allowance	(37,579		)	(40,372		)
Net deferred income tax assets	$	157,797		$	162,608
Reported as:
Current deferred tax assets(1)	$	—		$	45,518
Current deferred tax liabilities(2)	—			(182		)
Non-current deferred tax assets(3)	157,929			117,278
Non-current deferred tax liabilities(4)	(132		)	(6		)
Net deferred income tax assets	$	157,797		$	162,608

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(1)	Included within Prepaids and other current assets on the consolidated balance sheets.


(2)	Included within Accrued and other liabilities on the consolidated balance sheets.


(3)	Included within Other assets on the consolidated balance sheets.


(4)	Included within Other long-term liabilities on the consolidated balance sheets.

Summary of Income Tax Contingencies



	Years Ended
	December 31, 2015			December 31, 2014			December 31, 2013
	(in thousands)
Beginning gross unrecognized tax benefits	$	122,825		$	119,506		$	72,692
Increases in balances related to tax positions taken during the current periods	1,647			8,181			13,201
Increases in balances related to tax positions taken during the prior periods	316			7,453			58,253
Decreases in balances related to tax positions taken during the prior periods	(6,644		)	(9,537		)	(13,836		)
Lapse of statute of limitation	(516		)	(2,418		)	(7,152		)
Settlements and effective settlements	—			(360		)	(3,652		)
Ending gross unrecognized tax benefits	$	117,628		$	122,825		$	119,506