Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2022 |
Income Tax Disclosure [Abstract] |
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Schedule of Components of The Income Tax (Expense) Benefit |
Significant components of the Income tax (expense) benefit on earnings from continuing operations were as follows: | | | | | | | | | | | | | | | | | | For the years ended December 31, | 2022 | | 2021 | | 2020 | Current: | | | | | | United States | $ | (33,097) | | | $ | (48,523) | | | $ | 6,391 | | Foreign | (152,931) | | | (148,437) | | | (72,660) | | State | (273) | | | — | | | — | | Total current | (186,301) | | | (196,960) | | | (66,269) | | Deferred: | | | | | | United States | 4,663 | | | 87,310 | | | 124,718 | | Foreign | (3,794) | | | (10,347) | | | 25,612 | | State | 41 | | | (25,576) | | | 46,008 | | Total deferred | 910 | | | 51,387 | | | 196,338 | | Total income tax (expense) benefit | $ | (185,391) | | | $ | (145,573) | | | $ | 130,069 | |
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Schedule of Components of Deferred Tax Assets And Liabilities |
Significant components of deferred tax assets and liabilities arising from continuing operations were as follows: | | | | | | | | | | | | December 31, | 2022 | | 2021 | Deferred tax assets: | | | | Net operating loss and tax credits carryforwards | $ | 256,047 | | | $ | 246,405 | | Operating leases | 132,648 | | | 135,365 | | Depreciation | 50,444 | | | 45,702 | | Interest | 26,711 | | | 25,029 | | Deferred compensation | 13,767 | | | 23,219 | | Deferred revenue | 9,942 | | | 11,432 | | Nondeductible reserves | 7,342 | | | 9,470 | | Allowance for doubtful accounts | 6,781 | | | 8,437 | | | | | | | | | | Total deferred tax assets | 503,682 | | | 505,059 | | Deferred tax liabilities: | | | | Operating leases | 123,430 | | | 122,728 | | Investment in subsidiaries | 77,055 | | | 74,310 | | Amortization of intangible assets | 45,635 | | | 41,776 | | Deferred gain on Walden | 452 | | | 14,652 | | Unrealized gain | 3,212 | | | 2,559 | | | | | | Total deferred tax liabilities | 249,784 | | | 256,025 | | Net deferred tax assets | 253,898 | | | 249,034 | | Valuation allowance for deferred tax assets | (291,722) | | | (283,945) | | Net deferred tax liabilities | $ | (37,824) | | | $ | (34,911) | |
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Summary of Valuation Allowance |
The reconciliations of the beginning and ending balances of the valuation allowance on deferred tax assets were as follows: | | | | | | | | | | | | | | | | | | For the years ended December 31, | 2022 | | 2021 | | 2020 | Balance at beginning of period | $ | 283,945 | | | $ | 320,858 | | | $ | 324,119 | | Additions (deductions) from tax expense from continuing operations | 7,972 | | | 9,115 | | | (19,879) | | Charges to other accounts | | | | | | Additions | — | | | — | | | 16,618 | | Deductions | (195) | | | (46,028) | | | — | | Balance at end of period | $ | 291,722 | | | $ | 283,945 | | | $ | 320,858 | |
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Schedule of Effective Income Tax Rate Reconciliation |
The reconciliations of the reported Income tax (expense) benefit to the amount that would result by applying the United States federal statutory tax rate of 21% to income from continuing operations before income taxes were as follows: | | | | | | | | | | | | | | | | | | For the years ended December 31, | 2022 | | 2021 | | 2020 | Tax (expense) benefit at the United States statutory rate | $ | (51,628) | | | $ | 28,877 | | | $ | 94,676 | | Permanent differences | (38,228) | | | (8,217) | | | (24,184) | | Global intangible low taxed income | — | | | (30,616) | | | 70,965 | | Netherlands intellectual property restructuring | — | | | (53,643) | | | (32,425) | | State income tax benefit (expense), net of federal tax effect | 669 | | | (36,782) | | | 36,343 | | Tax effect of foreign income taxed at higher rate | (40,579) | | | (16,665) | | | (5,534) | | Change in valuation allowance | (11,241) | | | 17,642 | | | 3,241 | | Effect of tax contingencies | (37,151) | | | (12,573) | | | 2,706 | | Tax credits | 9,211 | | | 10,458 | | | (2,302) | | Withholding taxes | (16,275) | | | (43,578) | | | (13,254) | | Other | (169) | | | (476) | | | (163) | | Total income tax (expense) benefit | $ | (185,391) | | | $ | (145,573) | | | $ | 130,069 | |
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Schedule of Beginning And Ending Amount of Unrecognized Tax Benefits |
The reconciliations of the beginning and ending amount of unrecognized tax benefits were as follows: | | | | | | | | | | | | | | | | | | For the years ended December 31, | 2022 | | 2021 | | 2020 | Beginning of the period | $ | 257,587 | | | $ | 385,283 | | | $ | 56,395 | | Additions for tax positions related to prior years | 38,029 | | | 80,885 | | | 3,582 | | Decreases for tax positions related to prior years | (8,856) | | | (227,051) | | | — | | Additions for tax positions related to current year | 498 | | | 21,993 | | | 327,142 | | Decreases for unrecognized tax benefits as a result of a lapse in the statute of limitations | (2,329) | | | (3,523) | | | (1,836) | | | | | | | | End of the period | $ | 284,929 | | | $ | 257,587 | | | $ | 385,283 | |
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