Income Taxes (Tables)

12 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Components of income taxes

Components of income tax expense (benefit) are as follows:

	Year ended		Quarter ended (transition period)			Years ended
	3/31/2015		3/31/2014			12/31/2013			12/31/2012
Current:
Federal	$	35,459	$	(572	)	$	51,058		$	50,911
State	6,861		(4		)	6,252			6,482
Foreign	7,069		5,255			6,650			3,368
Total	49,389		4,679			63,960			60,761
Deferred:
Federal	8,234		1,669			(2,580		)	(6,083		)
State	624		(1		)	(209		)	414
Foreign	1,112		(4,404		)	(1,303		)	12
Total	9,970		(2,736		)	(4,092		)	(5,657		)
Income tax expense	$	59,359	$	1,943		$	59,868		$	55,104

Actual income taxes differed from that obtained by applying the statutory federal income tax rate to income before income taxes

Actual income taxes differed from that obtained by applying the statutory federal income tax rate to income before income taxes as follows:

	Year ended			Quarter ended (transition period)			Years ended
	3/31/2015			3/31/2014			12/31/2013			12/31/2012
Computed expected income taxes	$	77,399		$	(260	)	$	71,945		$	64,282
State income taxes, net of federal income tax benefit	3,564			90			4,435			3,562
Foreign rate differential	(25,535		)	1,904			(16,399		)	(12,908		)
Unrecognized tax benefits	3,566			—			—			—
Other	365			209			(113		)	168
	$	59,359		$	1,943		$	59,868		$	55,104

Tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are presented below:

	3/31/2015			3/31/2014			12/31/2013
Deferred tax assets (liabilities), current:
Uniform capitalization adjustment to inventory	$	4,040		$	4,114		$	5,492
Bad debt and other reserves	8,984			9,901			10,655
State taxes	482			(1,739		)	508
Prepaid expenses	(3,546		)	(2,217		)	(2,193		)
Accrued bonus	4,120			2,093			5,071
Foreign currency hedge	434			305			348
Net operating loss carry forwards	—			9,414			—
Other	(448		)	—			—
Total deferred tax assets, current	14,066			21,871			19,881
Deferred tax assets (liabilities), noncurrent:
Amortization and impairment of intangible assets	1,004			5,267			4,603
Depreciation of property and equipment	(6,148		)	(4,833		)	(6,034		)
Share-based compensation	12,044			10,638			11,226
Foreign currency translation	720			382			667
Deferred rent	4,885			4,290			4,028
Acquisition costs	764			756			755
Other	1,327			128			—
Net operating loss carry forwards	421			434			506
Total deferred tax assets, noncurrent	15,017			17,062			15,751
Net deferred tax assets	$	29,083		$	38,933		$	35,632

Reconciliation of the beginning and ending amounts of total unrecognized tax benefits

A reconciliation of the beginning and ending amounts of total unrecognized tax benefits is as follows:

Balance at January 1, 2013	$	—
Gross change related to current and prior years' tax positions	—
Balance, December 31, 2013	$	—
Gross change related to current and prior years' tax positions	—
Balance, March 31, 2014	$	—
Gross increase related to current year tax positions	1,293
Gross increase related to prior year tax positions	3,374
Balance, March 31, 2015	$	4,667