INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
	(In thousands)
U.S.	$	708,333	$	651,406	$	184,835
Foreign	68,448		(273,915)		71,313
Total	$	776,781	$	377,491	$	256,148

Schedule of Components of Income Tax Expense (Benefit)

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

	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Current income tax provision:
Federal	$	54,523	$	5,703	$	15
State	16,136		4,069		3,192
Foreign	28,038		35,542		34,865
Current income tax provision	98,697		45,314		38,072
Deferred income tax provision (benefit):
Federal	33,267		76,185		(32,723)
State	(669)		6,076		(18,627)
Foreign	(5,986)		(112,214)		(6,619)
Deferred income tax provision (benefit)	26,612		(29,953)		(57,969)
Income tax provision (benefit)	$	125,309	$	15,361	$	(19,897)

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.

	December 31,
	2023		2022
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	177,740	$	60,143
Tax credit carryforwards	89,737		137,481
Disallowed interest carryforwards	31,531		64,463
Capitalized research expenses	89,979		49,113
Stock-based compensation	27,448		20,653
Accrued expenses	21,382		17,871
Exchangeable notes	36,891		44,585
Other	34,822		25,340
Total deferred tax assets	509,530		419,649
Less valuation allowance	(159,675)		(71,132)
Net deferred tax assets	349,855		348,517
Deferred tax liabilities:
Intangible assets	(65,349)		(76,169)
Right-of-use assets	(22,657)		(16,125)
Property and equipment	(22,738)		(11,239)
Other	(5,610)		(668)
Total deferred tax liabilities	(116,354)		(104,201)
Net deferred tax assets	$	233,501	$	244,316

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,
	2023		2022		2021
	(In thousands)
Income tax provision at the federal statutory rate of 21%	$	163,124	$	79,273	$	53,791
State income taxes, net of effect of federal tax benefit	17,345		16,953		4,530
Stock-based compensation	30,614		(30,440)		(63,751)
Research credits	(10,373)		(12,611)		(25,830)
Foreign-derived intangible income deduction	(40,296)		(12,646)		—
Change in valuation allowance	(39,015)		(22,621)		8,523
Foreign income taxed at a different statutory rate	6,680		(4,104)		5,808
Withholding taxes	891		8,922		1,057
Change in uncertain tax positions	(5,804)		(10,694)		(948)
Other, net	2,143		3,329		(3,077)
Income tax provision (benefit)	$	125,309	$	15,361	$	(19,897)

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,
	2023		2022		2021
	(In thousands)
Balance at January 1	$	43,340	$	50,830	$	45,624
Additions based on tax positions related to the current year	7,397		5,781		8,107
Additions for tax positions of prior years	4,532		1,938		1,353
Reductions for tax positions of prior years	(615)		(12,287)		(1,028)
Settlements	(852)		(2,139)		(2,348)
Expiration of applicable statute of limitations	(8,755)		(783)		(878)
Balance at December 31	$	45,047	$	43,340	$	50,830