Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

The income tax provision consists of the following:



(In millions)	For the Years Ended December 31,
	2016		2015		2014
Income before provision for income taxes:	$	531.2	$	474.5	$	420.9
Current provision for income taxes:
Federal	157.2		127.9		90.9
State	15.8		10.6		7.3
	173.0		138.5		98.2
Deferred provision for income taxes:
Federal	22.4		33.7		52.0
State	1.8		1.9		4.1
	24.2		35.6		56.1
Interest and penalties expense:
Interest	1.2		0.7		0.4
Penalties	—		—		—
	1.2		0.7		0.4
Provision for income taxes	$	198.4	$	174.8	$	154.7

Schedule Of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities consist of the following:



(In millions)	As of December 31,
	2016		2015
Deferred tax assets:
Allowance for credit losses	$	118.2	$	89.8
Stock-based compensation	18.3		18.8
Deferred state net operating loss	6.5		5.1
Other, net	11.6		11.3
Total deferred tax assets	154.6		125.0
Deferred tax liabilities:
Valuation of Loans receivable	417.8		364.2
Deferred Loan origination costs	2.5		2.5
Other, net	7.4		7.2
Total deferred tax liabilities	427.7		373.9
Net deferred tax liability	$	273.1	$	248.9

Schedule Of Reconciliation Of The U.S. Federal Statutory Rate To Effective Tax Rate

A reconciliation of the U.S. federal statutory rate to our effective tax rate is as follows:



	For the Years Ended December 31,
	2016		2015		2014
U.S. federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes	2.0	%	1.6	%	1.7	%
Other	0.3	%	0.2	%	0.1	%
Effective tax rate	37.3	%	36.8	%	36.8	%

Schedule Of Unrecognized Tax Benefits

The following table is a summary of changes in gross unrecognized tax benefits:



(In millions)	For the Years Ended December 31,
	2016			2015			2014
Unrecognized tax benefits at January 1,	$	21.8		$	16.6		$	13.2
Additions based on tax positions related to current year	8.2			7.4			5.5
Reductions for tax positions of prior years	—			—			(0.2		)
Reductions as a result of a lapse of the statute of limitations	(2.3		)	(2.2		)	(1.9		)
Unrecognized tax benefits at December 31,	$	27.7		$	21.8		$	16.6