Annual report pursuant to Section 13 and 15(d)

Reconciliation Between Income Tax Expenses (Detail)

v3.20.4
Reconciliation Between Income Tax Expenses (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Tax Disclosure [Abstract]      
Computed statutory tax expense $ (194,739) $ 57,490 $ 65,254
State and local income taxes, net of federal income tax impact (1,153) 8,479 12,611
Changes in valuation allowance 46,731 2,532 131
Foreign tax rate differential (6,633) 4,646 2,235
Foreign tax credits   4,143 3,927
Impacts related to 2017 Tax Act [1]     19,180
Impacts related to COVID-19 pandemic [2] (187,515)    
Changes in uncertain tax positions 24,879 197 (6,139)
Other, net 9,054 2,425 (1,770)
Income taxes $ (309,376) $ 79,912 $ 95,429
[1] The amount for the year ended December 31, 2018 includes a one-time charge to true-up deferred taxes of $1,913 and a reduction in deferred tax assets with regard to foreign tax credit carryforwards of $17,267.
[2] The amount for the year ended December 31, 2020 includes benefits of a rate differential on earnings of $122,975, tax losses with respect to investments in foreign subsidiaries and a write down of certain intercompany receivables associated with the Company’s foreign subsidiaries of $135,599, offset by a tax charge for the remeasurement of deferred taxes and tax attributes of  $49,866 and dislodged foreign tax credits not benefited of $21,193.