Income Taxes (Tables)

9 Months Ended

Sep. 30, 2017

Income Taxes

Components of deferred income tax assets and liabilities

The components of the Company’s net deferred tax asset are as follows (dollars in thousands):

	September 30,		December 31,
	2017		2016
Deferred tax assets:
Compensation and benefits	$	7,940	$	9,715
Net operating loss and capital loss carryover		30,139		19,755
Share-based compensation		5,851		6,824
Research and development credits		6,843		7,550
Foreign tax credits		14,643		12,660
Tax benefits on uncertain tax positions		1,315		1,351
Goodwill and definite-lived intangibles		8,622		10,347
Depreciation		1,108		1,167
Other		5,998		5,259
Total deferred tax assets		82,459		74,628
Less: valuation allowance		(69,419)		(20,979)
Total deferred tax assets, net of valuation allowance		13,040		53,649
Deferred tax liabilities:
Depreciation		—		—
Capitalized software		(7,693)		(12,174)
Indefinite-lived intangibles		(2,448)		(2,332)
Other		(684)		(455)
Total deferred tax liabilities		(10,825)		(14,961)
Net deferred tax assets	$	2,215	$	38,688