Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense

Following is a summary of the Company’s income tax (benefit) expense:

	Year Ended December 31,
(In Thousands)	2017			2016			2015
Current Income Tax Expense:
Federal	$	(3,530	)	$	103,993		$	32,999
State	9,772			10,308			5,442
	6,242			114,301			38,441
Deferred Income Tax (Benefit) Expense:
Federal	(60,547		)	(33,470		)	35,413
State	1,346			(1,692		)	3,557
	(59,201		)	(35,162		)	38,970
Income Tax (Benefit) Expense	$	(52,959	)	$	79,139		$	77,411

Components of Deferred Income Tax Liabilities and Assets

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

	December 31,
(In Thousands)	2017		2016
Deferred Tax Liabilities:
Lease Merchandise and Property, Plant and Equipment	$	122,155	$	185,891
Goodwill and Other Intangibles	37,080		52,135
Investment in Partnership	107,173		96,291
Other, Net	2,074		1,619
Total Deferred Tax Liabilities	268,482		335,936
Deferred Tax Assets:
Accrued Liabilities	25,509		33,243
Advance Payments	8,199		13,087
Other, Net	23,771		20,277
Total Deferred Tax Assets	57,479		66,607
Less Valuation Allowance	—		(875		)
Net Deferred Tax Liabilities	$	211,003	$	270,204

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 as follows:

	Year Ended December 31,
	2017		2016		2015
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		2.7
Federal Tax Credits	(0.8	)	(1.1	)	(0.5	)
Change in Valuation Allowance	(0.4	)	—		—
Tax Act Enactment - Remeasurement of net Deferred Tax Liabilities	(58.2	)	—		—
Other, net	(0.4	)	(0.3	)	(0.9	)
Effective Tax Rate	(22.1	)%	36.2	%	36.3	%

Summary of Activity Related to Uncertain Tax Positions

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

	Year Ended December 31,
(In Thousands)	2017			2016			2015
Balance at January 1,	$	2,594		$	3,561		$	2,644
Additions Based on Tax Positions Related to the Current Year	456			258			331
Additions for Tax Positions of Prior Years	232			293			1,176
Prior Year Reductions	(236		)	(776		)	(1		)
Statute Expirations	(346		)	(609		)	(589		)
Settlements	(431		)	(133		)	—
Balance at December 31,	$	2,269		$	2,594		$	3,561