XML 104 R31.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Provision for Income Taxes for Continuing Operations - Benefit (Expense)

The provision for income taxes for continuing operations - benefit (expense) consists of the following:


	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Current:
Federal	$	(62,016)	$	(37,028)	$	(34,877)
State	(12,563)		(7,411)		(7,292)
Total current	(74,579)		(44,439)		(42,169)
Deferred	19,471		21,517		28,198
Total provision for income taxes for continuing operations - benefit (expense)	$	(55,108)	$	(22,922)	$	(13,971)

Reconciliation of Statutory Federal Income Tax Rate with Federal and State Overall Effective Income Tax Rate from Continuing Operations

The reconciliation of the U.S. statutory federal income tax rate with our federal and state overall effective income tax rate from continuing operations is as follows:


	Year Ended December 31,
	2019		2018		2017
U.S. statutory federal income tax rate	21.00	%	21.00	%	35.00	%
Effective state income tax rate	4.10	%	4.60	%	4.58	%
Valuation allowance adjustments	(0.18)	%	0.20	%	(0.59)	%
Uncertain tax positions	(0.45)	%	0.17	%	0.71	%
Effect of change in future U.S. statutory federal income tax rate	0.00	%	0.00	%	(26.27)	%
Non-deductible compensation	1.48	%	3.06	%	0.23	%
Other	1.65	%	1.41	%	(0.74)	%
Effective income tax rate	27.60	%	30.44	%	12.92	%

Components of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows:


	December 31, 2019		December 31, 2018
	(In thousands)
Deferred tax assets:
Accruals and reserves	$	27,271	$	24,948
State net operating loss carryforwards	10,771		12,687
Basis difference in property and equipment	20,923		11,515
Interest and state taxes associated with the liability for uncertain income tax positions	938		1,175
Fair value of interest rate swaps and interest rate caps	1,153		—
Basis difference in liabilities related to right-of-use assets	93,808		—
Other	2,146		1,778
Total deferred tax assets	157,010		52,103

Deferred tax liabilities:
Fair value of interest rate swaps and caps	—		(462)
Basis difference in inventories	(804)		(838)

Basis difference in goodwill	(61,397)		(69,646)
Basis difference in right-of-use assets	(90,679)		—
Other	(2,316)		(2,544)
Total deferred tax liabilities	(155,196)		(73,490)
Valuation allowance	(7,775)		(8,138)
Net deferred tax asset (liability)	$	(5,961)	$	(29,525)

Summary of Changes in Liability Related to Unrecognized Tax Benefits

A summary of the changes in the liability related to our unrecognized tax benefits is presented below.


	2019		2018		2017
	(In thousands)
Unrecognized tax benefit liability, January 1 (1)	$	4,901	$	4,645	$	4,357
New positions	—		—		653
Prior period positions:
Increases	1,795		7		491
Decreases	(2,697)		(199)		(539)
Increases from current period positions	582		714		692
Settlements	(653)		—		—
Lapse of statute of limitations	(8)		(69)		(781)
Other	(81)		(197)		(228)
Unrecognized tax benefit liability, December 31 (2)	$	3,839	$	4,901	$	4,645

(1) Excludes accrued interest and penalties of $0.6 million, $0.6 million and $0.8 million at January 1, 2019, 2018 and 2017, respectively.

(2) Excludes accrued interest and penalties of $0.5 million, $0.6 million and $0.6 million at December 31, 2019, 2018 and 2017, respectively. Amount presented is net of state net operating losses of $0.0 million, $0.0 million and $0.1 million at December 31, 2019, 2018 and 2017, respectively.