INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The components of income tax expense from continuing operations are as follows:

	For the Years Ended December 31,
	2018		2017		2016
	(In millions)
Current:
Federal	$	43.8	$	59.1	$	83.8
State	7.1		8.3		10.7
Total current income tax expense	50.9		67.4		94.5
Deferred:
Federal	3.9		1.2		4.9
State	2.0		1.4		1.2
Total deferred income tax expense	5.9		2.6		6.1
Total income tax expense	$	56.8	$	70.0	$	100.6

Reconciliation of the Statutory Federal Rate to the Effective Rate

A reconciliation of the statutory federal rate to the effective tax rate from continuing operations is as follows (dollar amounts shown in millions):

	For the Years Ended December 31,
	2018			%	2017			%		2016			%
Income tax provision at the statutory rate	$	47.2		21.0	$	73.2		35.0		$	93.7		35.0
State income tax expense, net of federal benefit	8.7			3.9	6.4			3.0		7.8			2.9
Non-deductible / non-tax items	0.4			0.2	(0.3		)	(0.1	)	0.2			0.1
Effect of enactment of tax reform	0.6			0.2	(7.9		)	(3.8	)	—			—
Adjustments and settlements	—			—	(0.6		)	(0.3	)	(0.8		)	(0.3	)
Other, net	(0.1		)	—	(0.8		)	(0.3	)	(0.3		)	(0.1	)
Income tax expense	$	56.8		25.3	$	70.0		33.5		$	100.6		37.6

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax asset and liability components consisted of the following:

	As of December 31,
	2018			2017
	(In millions)
Deferred income tax assets:
F&I chargeback liabilities	$	11.0		$	11.1
Other accrued liabilities	3.2			3.4
Stock-based compensation	2.4			3.9
Other, net	3.9			5.5
Total deferred income tax assets	20.5			23.9
Deferred income tax liabilities:
Intangible asset amortization	(12.5		)	(8.4		)
Depreciation	(26.4		)	(27.1		)
Other, net	(3.3		)	(0.9		)
Total deferred income tax liabilities	(42.2		)	(36.4		)
Net deferred income tax liabilities	$	(21.7	)	$	(12.5	)