| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) | The income tax provision (benefit) from continuing operations consisted of the following (in thousands):
| | | | | | | | | | | | | | Current | | Deferred | | Total | Year ended December 31, 2016 | | | | | | Federal | $ | 107,818 |
| | $ | (26,377 | ) | | $ | 81,441 |
| State | 11,247 |
| | (4,325 | ) | | 6,922 |
| Foreign |
|
| | (1,306 | ) | | (1,306 | ) | | $ | 119,065 |
| | $ | (32,008 | ) | | $ | 87,057 |
| Year ended December 31, 2015 | |
| | |
| | |
| Federal | $ | 116,375 |
| | $ | (41,477 | ) | | $ | 74,898 |
| State | 11,113 |
| | (2,620 | ) | | 8,493 |
| Foreign | — |
| | (2,033 | ) | | (2,033 | ) | | $ | 127,488 |
| | $ | (46,130 | ) | | $ | 81,358 |
| Year ended December 31, 2014 | |
| | |
| | |
| Federal | $ | 26,114 |
| | $ | (14,222 | ) | | $ | 11,892 |
| State | 2,347 |
| | (2,090 | ) | | 257 |
| Foreign | 4 |
| | (1,199 | ) | | (1,195 | ) | | $ | 28,465 |
| | $ | (17,511 | ) | | $ | 10,954 |
|
|
Schedule of Effective Income Tax Rate Reconciliation | ncome tax provision differs from the “expected” tax expense computed by applying the U.S. Federal corporate income tax rates of 35% to income from continuing operations before income taxes, as follows (in thousands):
| | | | | | | | | | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | Computed “expected” tax provision | $ | 94,955 |
| | $ | 81,255 |
| | $ | 8,870 |
| Change in income taxes resulting from: | | | | | | State income taxes, net of Federal income tax | 4,501 |
| | 5,520 |
| | 167 |
| Foreign income tax provision (benefit) | 1,580 |
| | (1,130 | ) | | 482 |
| Deduction for domestic production activities | (7,280 | ) | | (6,882 | ) | | (1,323 | ) | Stock compensation | (11,395 | ) | | — |
| | — |
| R&D tax credits | (825 | ) | | (677 | ) | | (508 | ) | Nondeductible acquisition fees | 39 |
| | 165 |
| | 2,823 |
| Other expense (benefit), net | 2,564 |
| | 682 |
| | (673 | ) | Valuation allowance change | 2,918 |
| | 2,425 |
| | 1,116 |
| Income tax provision | $ | 87,057 |
| | $ | 81,358 |
| | $ | 10,954 |
|
|
Schedule of Income before Income Tax, Domestic and Foreign | The geographic allocation of the Company’s income from continuing operations before income taxes between U.S. and foreign operations was as follows (in thousands):
| | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Pre-tax income from continuing U.S. operations | $ | 287,880 |
| | $ | 241,665 |
| | $ | 33,320 |
| Pre-tax loss from continuing foreign operations | (16,580 | ) | | (9,509 | ) | | (7,978 | ) | Total pre-tax income from continuing operations | $ | 271,300 |
| | $ | 232,156 |
| | $ | 25,342 |
|
|
Schedule of Deferred Tax Assets and Liabilities | Net deferred income taxes at December 31, 2016 and 2015 include (in thousands):
| | | | | | | | | | | | | | | | | | December 31, 2016 | | December 31, 2015 | | Current | | Noncurrent | | Current | | Noncurrent | Deferred tax assets: | | | | | | | | Net operating loss carry-forward | $ | 554 |
| | $ | 25,103 |
| | $ | 982 |
| | $ | 22,356 |
| Stock-based compensation | — |
| | 8,922 |
| | — |
| | 9,032 |
| Chargeback reserves | — |
| | — |
| | 83 |
| | — |
| Reserve for product returns | 16,208 |
| | — |
| | 17,932 |
| | — |
| Inventory valuation reserve | 11,503 |
| | — |
| | 7,819 |
| | — |
| Long-term debt | — |
| | 6,383 |
| | — |
| | 9,448 |
| Other | 16,957 |
| | 1,851 |
| | 19,085 |
| | 1,236 |
| Total deferred tax assets | $ | 45,222 |
| | $ | 42,259 |
| | $ | 45,901 |
| | $ | 42,072 |
| Valuation allowance | — |
| | (9,856 | ) | | — |
| | (8,807 | ) | Net deferred tax assets | $ | 45,222 |
| | $ | 32,403 |
| | $ | 45,901 |
| | $ | 33,265 |
| Deferred tax liabilities: | |
| | |
| | |
| | |
| Prepaid expenses | $ | (3,091 | ) | | $ | — |
| | $ | (2,877 | ) | | $ | — |
| Inventory step-up | — |
| | — |
| | — |
| | — |
| Unamortized discount – convertible notes | — |
| | — |
| | — |
| | (267 | ) | Depreciation & amortization – tax over book | — |
| | (226,855 | ) | | — |
| | (260,622 | ) | Other | — |
| | — |
| | — |
| | (1 | ) | Total deferred tax liabilities | $ | (3,091 | ) | | $ | (226,855 | ) | | $ | (2,877 | ) | | $ | (260,890 | ) | Net deferred income tax asset (liability) | $ | 42,131 |
| | $ | (194,452 | ) | | $ | 43,024 |
| | $ | (227,625 | ) |
|
Schedule of Unrecognized Tax Benefits Roll Forward | Based on its review as of December 31, 2016, the Company determined that it would not recognize tax benefits as follows (in thousands): | | | | | Balance at December 31, 2013 | $ | 845 |
| Additions relating to 2014 | 709 |
| Additions relating to acquired entities | 456 |
| Balance at December 31, 2014 | $ | 2,010 |
| Additions relating to 2015 | 356 |
| Payments of amounts relating to prior years | (81 | ) | Balance at December 31, 2015 | $ | 2,285 |
| Additions relating to 2016 | 303 |
| Terminations of exposures relating to prior years | (1,287 | ) | Balance at December 31, 2016 | $ | 1,301 |
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