INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes and Non-controlling Interest

U.S. and foreign earnings before income taxes are as follows:

	Years Ended December 31,
	2021		2020		2019
	(In thousands)
U.S.	$	184,835	$	547,969	$	454,036
Foreign	71,313		82,983		78,384
Total	$	256,148	$	630,952	$	532,420

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision (benefit) for income taxes are as follows:

	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Current income tax provision (benefit):
Federal	$	15	$	(2,044)	$	964
State	3,192		1,640		342
Foreign	34,865		28,293		26,527
Current income tax provision	38,072		27,889		27,833
Deferred income tax provision (benefit):
Federal	(32,723)		31,025		(2,159)
State	(18,627)		(10,451)		(9,698)
Foreign	(6,619)		(5,190)		(896)
Deferred income tax (benefit) provision	(57,969)		15,384		(12,753)
Income tax (benefit) provision	$	(19,897)	$	43,273	$	15,080

Schedule of Deferred Tax Assets and Liabilities

The tax effects of cumulative temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below. The valuation allowance is primarily related to deferred tax assets for foreign net operating losses and U.S. foreign tax credits.

	December 31,
	2021		2020
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	85,613	$	152,346
Tax credit carryforwards	128,731		102,012
Disallowed interest carryforwards	52,104		56,630
Stock-based compensation	15,491		16,073
Accrued expenses	116,415		9,283
Exchangeable notes	52,177		64,212
Other	33,211		25,532
Total deferred tax assets	483,742		426,088
Less valuation allowance	(86,071)		(71,090)
Net deferred tax assets	397,671		354,998
Deferred tax liabilities:
Intangible assets	(165,551)		(44,200)
Right-of-use assets	(21,784)		(17,306)
Property and equipment	(4,923)		(17,218)
Other	(737)		—
Total deferred tax liabilities	(192,995)		(78,724)
Net deferred tax assets	$	204,676	$	276,274

Schedule of Income Tax Rate Reconciliation

A reconciliation of the income tax provision to the amounts computed by applying the statutory federal income tax rate to earnings before income taxes is shown as follows:

	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Income tax provision at the federal statutory rate of 21%	$	53,791	$	132,500	$	111,808
State income taxes, net of effect of federal tax benefit	4,530		8,803		10,274
Stock-based compensation	(63,751)		(112,203)		(90,374)
Research credits	(25,830)		(21,306)		(27,248)
Change in valuation allowance	8,523		29,787		—
Foreign income taxed at a different statutory rate	5,808		4,884		3,526
Withholding taxes	1,057		2,933		5,023
Change in uncertain tax positions	(948)		(5,770)		(637)
Other, net	(3,077)		3,645		2,708
Income tax (benefit) provision	$	(19,897)	$	43,273	$	15,080

Schedule of Income Tax Contingencies

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

	December 31,
	2021		2020		2019
	(In thousands)
Balance at January 1	$	45,624	$	53,324	$	35,679
Additions based on tax positions related to the current year	8,107		7,818		11,221
Additions for tax positions of prior years	1,353		1,772		7,599
Reductions for tax positions of prior years	(1,028)		—		(283)
Settlements	(2,348)		(16,512)		—
Expiration of applicable statute of limitations	(878)		(778)		(892)
Balance at December 31	$	50,830	$	45,624	$	53,324