Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Reconciliation of Unrecognized Income Tax Benefits

A reconciliation of the beginning and end of year unrecognized income tax benefits is as follows (in thousands):



	2015			2014
Balance at beginning of year	$	5,203		$	3,116
Additions based on tax positions related to the current year	611			1,053
Additions based on tax positions related to prior years	—			2,816
Reductions for tax positions of prior years	(1,053		)	(1,162		)
Reductions for expired statute of limitations	—			(620		)
Balance at end of year	$	4,761		$	5,203

Schedule of Income Tax Provision

The income tax provision in the accompanying Consolidated Statements of Operations for the years ended December 31, 2015, 2014 and 2013 consisted of the following (in thousands):



	2015			2014		2013
Current:
Federal provision	$	94,405		$	80,852	$	60,449
State and local provisions	21,320			14,532		2,897
Foreign provision	831			2,396		7,083
	116,556			97,780		70,429
Deferred	(10,300		)	5,748		11,857
	$	106,256		$	103,528	$	82,286

Schedule of U.S. Statutory Income Tax Rates From Continuing Operations

Factors accounting for the variation from U.S. statutory income tax rates from continuing operations for the years ended December 31, 2015, 2014 and 2013 were as follows (in thousands):



	2015			2014			2013
Federal income taxes at the statutory rate	$	97,588		$	98,576		$	81,448
Noncontrolling interests	(77		)	(1,667		)	(1,247		)
State and local income taxes, net of federal tax benefits	12,590			9,944			9,446
State tax reserves	62			(38		)	(6,529		)
Permanent differences	3,096			2,961			3,226
Domestic manufacturing deduction	(6,604		)	(5,008		)	(4,778		)
Foreign income taxes (including UK statutory rate changes)	(361		)	(1,237		)	1,183
Federal tax reserves	14			62			263
Other	(52		)	(65		)	(726		)
	$	106,256		$	103,528		$	82,286

Schedule of Deferred Tax Assets and Liabilities

The amounts recorded for the years ended December 31, 2015 and 2014 were as follows (in thousands):



	2015			2014
Deferred income tax assets:
Excess of amounts expensed for financial statement purposes over amounts deducted for income tax purposes:
Insurance liabilities	$	58,582		$	54,351
Pension liability	6,255			10,142
Deferred compensation	28,033			17,886
Other (including liabilities and reserves)	28,562			31,828
Total deferred income tax assets	121,432			114,207
Valuation allowance for deferred tax assets	(805		)	(2,024		)
Net deferred income tax assets	120,627			112,183
Deferred income tax liabilities:
Costs capitalized for financial statement purposes and deducted for income tax purposes:
Goodwill and identifiable intangible assets	(218,715		)	(216,126		)
Other, primarily depreciation of property, plant and equipment	(22,510		)	(23,884		)
Total deferred income tax liabilities	(241,225		)	(240,010		)
Net deferred income tax liabilities	$	(120,598	)	$	(127,827	)

Schedule of Income before Income Tax From Continuing Operations

Income before income taxes from continuing operations for the years ended December 31, 2015, 2014 and 2013 consisted of the following (in thousands):



	2015		2014		2013
United States	$	264,867	$	265,529	$	219,300
Foreign	13,956		16,116		13,409
	$	278,823	$	281,645	$	232,709