Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense

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

	Year Ended December 31,
(In Thousands)	2018			2017			2016
Current Income Tax Expense:
Federal	$	(5,380	)	$	(3,530	)	$	103,993
State	13,015			9,772			10,308
	7,635			6,242			114,301
Deferred Income Tax Expense (Benefit):
Federal	48,287			(60,547		)	(33,470		)
State	72			1,346			(1,692		)
	48,359			(59,201		)	(35,162		)
Income Tax Expense (Benefit)	$	55,994		$	(52,959	)	$	79,139

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)	2018		2017
Deferred Tax Liabilities:
Lease Merchandise and Property, Plant and Equipment	$	174,171	$	122,155
Goodwill and Other Intangibles	41,183		37,080
Investment in Partnership	159,070		107,173
Other, Net	1,804		2,074
Total Deferred Tax Liabilities	376,228		268,482
Deferred Tax Assets:
Accrued Liabilities	21,918		25,509
Advance Payments	9,232		8,199
Other, Net	86,339		23,771
Total Deferred Tax Assets	117,489		57,479
Less Valuation Allowance	—		—
Net Deferred Tax Liabilities	$	258,739	$	211,003

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,
	2018		2017		2016
Statutory Rate	21.0	%	35.0	%	35.0	%
Increases (Decreases) in United States Federal Taxes
Resulting From:
State Income Taxes, net of Federal Income Tax Benefit	4.0		2.7		2.6
Other Permanent Differences	(1.2	)	—		—
Federal Tax Credits	(0.5	)	(0.8	)	(1.1	)
Change in Valuation Allowance	—		(0.4	)	—
Remeasurement of net Deferred Tax Liabilities	(0.2	)	(58.2	)	—
Other, net	(0.9	)	(0.4	)	(0.3	)
Effective Tax Rate	22.2	%	(22.1	)%	36.2	%

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)	2018			2017			2016
Balance at January 1,	$	2,269		$	2,594		$	3,561
Additions Based on Tax Positions Related to the Current Year	269			456			258
Additions for Tax Positions of Prior Years	615			232			293
Prior Year Reductions	(85		)	(236		)	(776		)
Statute Expirations	(257		)	(346		)	(609		)
Settlements	(282		)	(431		)	(133		)
Balance at December 31,	$	2,529		$	2,269		$	2,594