Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule Of Income Tax Provision

The income tax provision consists of the following:

(In millions)	For the Years Ended December 31,
	2023		2022		2021
Income before provision for income taxes:	$	367.6	$	711.7	$	1,260.9
Current provision for income taxes:
Federal	97.1		152.7		217.9
State	20.2		28.5		38.6
	117.3		181.2		256.5
Deferred provision for income taxes:
Federal	(26.4)		(10.8)		36.7
State	(11.6)		3.1		7.9
	(38.0)		(7.7)		44.6
Interest and penalties expense:
Interest	2.2		2.4		1.5
Penalties	—		—		—
	2.2		2.4		1.5
Provision for income taxes	$	81.5	$	175.9	$	302.6

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,
	2023		2022
Deferred tax assets:
Allowance for credit losses	$	741.2	$	693.5
Stock-based compensation	14.6		18.3
Deferred state net operating loss	13.7		4.7
Other, net	14.1		12.2
Total deferred tax assets	783.6		728.7
Deferred tax liabilities:
Valuation of Loans receivable	1,158.9		1,140.4
Deferred Loan origination costs	1.6		1.6
Other, net	12.3		13.4
Total deferred tax liabilities	1,172.8		1,155.4
Net deferred tax liability	$	389.2	$	426.7

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

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

	For the Years Ended December 31,
	2023		2022		2021
U.S. federal statutory income tax rate	21.0	%	21.0	%	21.0	%
State and local income taxes	2.7	%	3.8	%	3.0	%
Non-deductible executive compensation expense	1.3	%	0.5	%	0.2	%
Excess tax benefits from stock-based compensation plans	-3.0	%	-0.8	%	-0.3	%
Other	0.2	%	0.2	%	0.1	%
Effective income tax rate	22.2	%	24.7	%	24.0	%

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,
	2023		2022		2021
Unrecognized tax benefits at January 1,	$	57.1	$	49.4	$	41.8
Additions for tax positions of the current year	16.2		14.5		13.4
Additions for tax positions of prior years	—		—		0.9
Reductions for tax positions of prior years	(0.1)		—		—
Settlements	(3.7)		—		—
Reductions as a result of a lapse of the statute of limitations	(8.5)		(6.8)		(6.7)
Unrecognized tax benefits at December 31,	$	61.0	$	57.1	$	49.4