Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense

Following is a summary of the Company’s income tax expense for the years ended December 31:

(In Thousands)	2015		2014			2013
Current Income Tax Expense:
Federal	$	32,999	$	41,946		$	91,664
State	5,442		8,682			9,393
	38,441		50,628			101,057
Deferred Income Tax Expense (Benefit):
Federal	35,413		(3,314		)	(35,941		)
State	3,557		(3,843		)	(822		)
	38,970		(7,157		)	(36,763		)
	$	77,411	$	43,471		$	64,294

Components of Deferred Income Tax Liabilities and Assets

Significant components of the Company’s deferred income tax liabilities and assets at December 31 are as follows:

(In Thousands)	2015			2014
Deferred Tax Liabilities:
Lease Merchandise and Property, Plant and Equipment	$	228,174		$	228,002
Goodwill & Other Intangibles	47,421			40,644
Investment in Partnership	88,913			61,342
Other, Net	2,062			1,866
Total Deferred Tax Liabilities	366,570			331,854
Deferred Tax Assets:
Accrued Liabilities	29,192			42,024
Advance Payments	15,713			14,272
Other, Net	14,936			7,713
Total Deferred Tax Assets	59,841			64,009
Less Valuation Allowance	(752		)	(706		)
Net Deferred Tax Liabilities	$	307,481		$	268,551

Effective Tax Rate Differs from Statutory United States Federal Income Tax Rate

The Company’s effective tax rate differs from the statutory United States Federal income tax rate for the years ended December 31 as follows:

	2015		2014		2013
Statutory Rate	35.0	%	35.0	%	35.0	%
Increases (Decreases) in United States Federal Taxes
Resulting From:
State Income Taxes, Net of Federal Income Tax Benefit	2.7		2.6		3.1
Federal Tax Credits	(.5	)	(1.8	)	(1.7	)
Other, Net	(.9	)	(.1	)	(1.6	)
Effective Tax Rate	36.3	%	35.7	%	34.8	%

Summary of Activity Related to Uncertain Tax Positions

The following table summarizes the activity related to the Company’s uncertain tax positions:

(In Thousands)	2015			2014			2013
Balance at January 1,	$	2,644		$	1,960		$	1,258
Additions Based on Tax Positions Related to the Current Year	331			311			454
Additions for Tax Positions of Prior Years	1,176			928			423
Prior Year Reductions	(1		)	(370		)	(5		)
Statute Expirations	(589		)	(94		)	(85		)
Settlements	—			(91		)	(85		)
Balance at December 31,	$	3,561		$	2,644		$	1,960