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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Components of Earnings (Loss) Before Income Taxes

Earnings (loss) before income taxes during the years ended December 31, 2021, 2020 and 2019, was as follows:

	Year Ended December 31,
(millions)	2021		2020			2019
United States	$	44.8	$	(240.1	)	$	69.7
Foreign⁽¹⁾		1.0		(0.3	)		1.4
Total	$	45.8	$	(240.4	)	$	71.1

(1)

Canada and Puerto Rico

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) during the years ended December 31, 2021, 2020 and 2019 were as follows:

	Year Ended December 31,
(millions)	2021			2020			2019
Current
U.S. Federal	$	(3.2	)	$	(15.3	)	$	9.6
Foreign⁽¹⁾		0.2			0.2			0.9
State		1.0			0.1			4.7
Total current		(2.0	)		(15.0	)		15.2
Deferred
U.S. Federal		9.7			(40.7	)		2.9
Foreign⁽¹⁾		0.1			—			(0.1	)
State		2.7			(11.8	)		1.4
Total deferred		12.5			(52.5	)		4.2
Income tax expense (benefit)	$	10.5		$	(67.5	)	$	19.4

(1)

Canada and Puerto Rico

Schedule of Components of Company's Deferred Tax Assets and Liabilities

Components of the Company's deferred tax assets and liabilities as of December 31, 2021 and 2020 were as follows:

	December 31,
(millions)	2021			2020
Deferred tax assets
NOL carry forwards and tax credits	$	23.9		$	23.5
Lease liability		71.7			87.9
Accrued expenses		14.9			15.2
Accrued compensation		9.3			8.4
Depreciation		24.6			17.2
Other		1.4			3.4
Total deferred tax assets		145.8			155.6
Valuation allowances		(10.9	)		(10.7	)
Net deferred tax assets		134.9			144.9
Deferred tax liabilities
Prepaid expenses		(0.1	)		(0.2	)
ROU asset		(53.7	)		(62.8	)
Undistributed foreign earnings		(0.2	)		(0.2	)
Depreciation and amortization		(9.4	)		—
Goodwill amortization		(16.3	)		(13.0	)
Equity investments in unconsolidated entities		(4.6	)		(4.9	)
Total deferred tax liabilities		(84.3	)		(81.1	)
Total net deferred tax asset	$	50.6		$	63.8

Schedule of Changes Affecting the Valuation Allowances on Deferred Tax Assets

Changes affecting the valuation allowances on deferred tax assets during the years ended December 2021, 2020, and 2019, were as follows:

	December 31,
(millions)	2021		2020		2019
Beginning Balance	$	10.7	$	8.3	$	8.1
Current year expense		0.2		2.4		0.2
Ending Balance	$	10.9	$	10.7	$	8.3

Schedule of Reconciliation of the Reported Income Tax Provision

A reconciliation of the Company's reported income tax provision to the amount computed by multiplying earnings (loss) before income taxes by the statutory United States federal income tax rate for the years ended December 31, 2021, 2020 and 2019, was as follows:

	Year Ended December 31,
(percentages)	2021			2020			2019
Tax at statutory rate		21.0	%		21.0	%		21.0	%
Permanent differences		1.4	%		(0.3	)%		1.1	%
State taxes, net of federal benefit		6.8	%		5.8	%		6.3	%
Effect of foreign tax rates		0.5	%		(0.1	)%		0.8	%
Federal net operating loss carryback rate differential		(4.4	)%		2.5	%		—
Noncontrolling interest		(1.7	)%		—			(0.8	)%
Current year adjustment to deferred taxes		—			—			1.1	%
Recognition of tax credits		(1.0	)%		0.2	%		(2.5	)%
		22.6	%		29.1	%		27.0	%
Change in valuation allowance		0.3	%		(1.0	)%		0.3	%
Effective tax rate		22.9	%		28.1	%		27.3	%

Schedule of Tax Years that Remain Subject to Examination for the Company's Major Tax Jurisdictions

The tax years that remain subject to examination for the Company's major tax jurisdictions as of December 31, 2021 were as follows:

2018 - 2021		United States - federal income tax
2017 - 2021		United States - state and local income tax
2017 - 2021		Foreign - Canada and Puerto Rico