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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

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,
	2018		2017		2016
	(In thousands)
Current:
Federal	$	(37,028)	$	(34,877)	$	(43,655)
State	(7,411)		(7,292)		(3,766)
Total current	(44,439)		(42,169)		(47,421)
Deferred	21,517		28,198		(13,275)
Total provision for income taxes for continuing operations - benefit (expense)	$	(22,922)	$	(13,971)	$	(60,696)

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,
	2018		2017		2016
U.S. statutory federal income tax rate	21.00	%	35.00	%	35.00	%
Effective state income tax rate	4.60	%	4.58	%	2.04	%
Valuation allowance adjustments	0.20	%	(0.59)	%	0.85	%
Uncertain tax positions	0.17	%	0.71	%	0.17	%
Effect of change in future U.S. statutory federal income tax rate	0.00	%	(26.27)	%	0.00	%
Non-deductible compensation	3.06	%	0.23	%	0.15	%
Other	1.41	%	(0.74)	%	0.90	%
Effective income tax rate	30.44	%	12.92	%	39.11	%

Components of Deferred Tax Assets and Liabilities

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


	December 31, 2018		December 31, 2017
	(In thousands)
Deferred tax assets:
Accruals and reserves	$	24,948	$	24,320
State net operating loss carryforwards	12,687		12,689
Basis difference in property and equipment	11,515		—
Interest and state taxes associated with the liability for uncertain income tax positions	1,175		1,126
Other	1,778		712
Total deferred tax assets	52,103		38,847
Deferred tax liabilities:
Fair value of interest rate swaps and caps	(462)		(696)
Basis difference in inventories	(838)		(965)
Basis difference in property and equipment	—		(2,467)
Basis difference in goodwill	(69,646)		(73,803)
Other	(2,544)		(1,636)
Total deferred tax liabilities	(73,490)		(79,567)
Valuation allowance	(8,138)		(7,985)
Net deferred tax asset (liability)	$	(29,525)	$	(48,705)

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.


	2018		2017		2016
	(In thousands)
Unrecognized tax benefit liability, January 1 (1)	$	4,645	$	4,357	$	4,755
New positions	—		653		—
Prior period positions:
Increases	7		491		939
Decreases	(199)		(539)		(415)
Increases from current period positions	714		692		615
Settlements
Lapse of statute of limitations	(69)		(781)		(1,290)
Other	(197)		(228)		(247)
Unrecognized tax benefit liability, December 31 (2)	$	4,901	$	4,645	$	4,357

(1) Excludes accrued interest and penalties of $0.6 million, $0.8 million and $1.1 million at January 1, 2018, 2017 and 2016, respectively.

(2) Excludes accrued interest and penalties of $0.6 million, $0.6 million and $0.8 million at December 31, 2018, 2017 and 2016, respectively. Amount presented is net of state net operating losses of $0.0 million, $0.1 million and $0.3 million at December 31, 2018, 2017 and 2016, respectively.