Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income before income taxes by geographic area

Income before income taxes by geographic area was as follows:



	Year Ended December 31,
	2015			2014			2013
	(In thousands)
Domestic	$	231,798		$	174,964		$	176,156
Foreign	(49,627		)	(10,564		)	15,739
Total income before income taxes	$	182,171		$	164,400		$	191,895

Federal, state and foreign income taxes

Federal, state and foreign income taxes were as follows:



	Year Ended December 31,
	2015			2014			2013
	(In thousands)
Federal:
Current	$	66,973		$	49,590		$	44,785
Deferred	15,528			22,549			19,773
State:
Current	5,165			4,849			4,231
Deferred	1,768			727			2,026
Foreign:
Current	4,150			4,638			6,475
Deferred	(5,412		)	(10,957		)	613
Provision for income taxes	$	88,172		$	71,396		$	77,903

Difference between the income tax computation by the company and the statutory body

Actual income tax expense differed from income tax expense computed by applying the U.S. federal statutory corporate tax rate of 35% to income before income taxes in 2015, 2014 and 2013 as follows:



	Year Ended December 31,
	2015			2014			2013
	(In thousands)
Provision at the U.S. federal statutory rate	$	63,760		$	57,540		$	67,163
Increase (decrease) resulting from:
State income tax, net of benefit for federal deduction	4,448			5,267			4,228
Foreign income tax rate differential	(2,002		)	(3,188		)	(538		)
Employment credits	(407		)	(481		)	(421		)
Changes in valuation allowances	14,667			9,507			2,713
Non-deductible goodwill	4,651			—			1,355
Deductible goodwill	—			(10,209		)	—
Non-deductible transaction costs	—			—			1,064
Stock-based compensation	386			245			282
Convertible debt redemption	—			9,727			—
Other	2,669			2,988			2,057
Provision for income taxes	$	88,172		$	71,396		$	77,903

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of these temporary differences representing deferred tax assets/liabilities resulted principally from the following:



	December 31,
	2015			2014
	(In thousands)
Deferred tax assets:
Loss reserves and accruals	$	53,747		$	50,158
Interest rate swaps	11,671			10,745
Goodwill and intangible franchise rights	7,621			—
U.S. state net operating loss (“NOL”) carryforwards	17,413			16,592
Foreign NOL carryforwards	20,408			21,770
Deferred tax assets	110,860			99,265
Valuation allowance on deferred tax assets	(46,547		)	(40,486		)
Net deferred tax assets	$	64,313		$	58,779
Deferred tax liabilities:
Goodwill and intangible franchise rights	$	(143,509	)	$	(138,992	)
Depreciation expense	(53,619		)	(43,070		)
Deferred gain on bond redemption	(1,535		)	(2,046		)
Other	(1,060		)	(1,936		)
Deferred tax liabilities	(199,723		)	(186,044		)
Net deferred tax liability	$	(135,410	)	$	(127,265	)