INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes and Non-controlling Interest

U.S. and foreign earnings (loss) from continuing operations before income taxes are as follows:

	Years Ended December 31,
	2022		2021		2020
	(In thousands)
U.S.	$	651,406	$	184,835	$	547,969
Foreign	(273,915)		71,313		82,983
Total	$	377,491	$	256,148	$	630,952

Schedule of Components of Income Tax Expense (Benefit)

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

	Years Ended December 31,
	2022		2021		2020
	(In thousands)
Current income tax provision (benefit):
Federal	$	5,703	$	15	$	(2,044)
State	4,069		3,192		1,640
Foreign	35,542		34,865		28,293
Current income tax provision	45,314		38,072		27,889
Deferred income tax (benefit) provision:
Federal	76,185		(32,723)		31,025
State	6,076		(18,627)		(10,451)
Foreign	(112,214)		(6,619)		(5,190)
Deferred income tax (benefit) provision	(29,953)		(57,969)		15,384
Income tax provision (benefit)	$	15,361	$	(19,897)	$	43,273

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,
	2022		2021
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	60,143	$	85,613
Tax credit carryforwards	137,481		128,731
Disallowed interest carryforwards	64,463		52,104
Capitalized research expenses	49,113		—
Stock-based compensation	20,653		15,491
Accrued expenses	17,871		116,415
Exchangeable notes	44,585		52,177
Other	25,340		33,211
Total deferred tax assets	419,649		483,742
Less valuation allowance	(71,132)		(86,071)
Net deferred tax assets	348,517		397,671
Deferred tax liabilities:
Intangible assets	(76,169)		(165,551)
Right-of-use assets	(16,125)		(21,784)
Property and equipment	(11,239)		(4,923)
Other	(668)		(737)
Total deferred tax liabilities	(104,201)		(192,995)
Net deferred tax assets	$	244,316	$	204,676

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,
	2022		2021		2020
	(In thousands)
Income tax provision at the federal statutory rate of 21%	$	79,273	$	53,791	$	132,500
State income taxes, net of effect of federal tax benefit	16,953		4,530		8,803
Stock-based compensation	(30,440)		(63,751)		(112,203)
Research credits	(12,611)		(25,830)		(21,306)
Foreign-derived intangible income deduction	(12,646)		—		—
Change in valuation allowance	(22,621)		8,523		29,787
Foreign income taxed at a different statutory rate	(4,104)		5,808		4,884
Withholding taxes	8,922		1,057		2,933
Change in uncertain tax positions	(10,694)		(948)		(5,770)
Other, net	3,329		(3,077)		3,645
Income tax provision (benefit)	$	15,361	$	(19,897)	$	43,273

The 2022 income tax provision benefited primarily from (a) the release of a valuation allowance on certain foreign deferred tax assets as we expect to be able to use those deferred tax assets in the foreseeable future, (b) favorable outcomes of tax audits, and (c) a lower tax rate on U.S. income derived from foreign sources. The benefits were partially offset by higher state income taxes due to higher taxable income in the U.S. The 2021 and 2020 income tax provisions benefited primarily from (a) excess tax benefits generated by the exercise and vesting of stock-based awards and (b) research credits. In 2020, this benefit was partially offset by an increase in valuation allowances on foreign tax credits.

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,
	2022		2021		2020
	(In thousands)
Balance at January 1	$	50,830	$	45,624	$	53,324
Additions based on tax positions related to the current year	5,781		8,107		7,818
Additions for tax positions of prior years	1,938		1,353		1,772
Reductions for tax positions of prior years	(12,287)		(1,028)		—
Settlements	(2,139)		(2,348)		(16,512)
Expiration of applicable statute of limitations	(783)		(878)		(778)
Balance at December 31	$	43,340	$	50,830	$	45,624