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The components of income before income taxes are as follows:Year Ended December 31,(in thousands) 2011 2010 2009Domestic $ 41,831 $ 87,776 $ 65,174Foreign 296,054 217,446 224,601Income before income taxes $ 337,885 $ 305,222 $ 289,775As of December 31, 2011 and 2010, our worldwide deferred tax assets, liabilities and netdeferred tax liabilities were as follows:December 31,(in thousands) 2011 2010Deferred tax assets:Deferred compensation $ 26,923 $ 24,791Deferred income 11,588 19,808Accrued expenses 8,647 6,675Other 4,875 5,360Gross deferred tax assets 52,033 56,634Valuation allowance — —Total deferred tax assets $ 52,033 $ 56,634Deferred tax liabilities:Property and equipment $ 88,657 $ 74,832Unremitted foreign earnings 58,195 62,373Basis difference in equity investments 15,518 17,177Other 26,477 13,580Total deferred tax liabilities $ 188,847 $ 167,962Net deferred income tax liability $ 136,814 $ 111,328Our net deferred tax liability is reflected within our balance sheet as follows:December 31,(in thousands) 2011 2010Deferred tax liabilities $ 157,532 $ 139,822Current deferred tax assets (20,718) (28,494)Net deferred income tax liability $ 136,814 $ 111,328We believe it is more likely than not that all our deferred tax assets are realizable. Weconduct business through several foreign subsidiaries and, although we expect ourconsolidated operations to be profitable, there is no assurance that profits will be earned2011 Annual Report 41