Income Taxes Level 3 (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income before income taxes was composed of the following components:

	Years Ended December 31,
	2020		2019		2018
	(In thousands)
United States	$	633,608	$	441,579	$	399,123
Foreign	28,452		22,853		42,609
	$	662,060	$	464,432	$	441,732

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax provision (benefit) consisted of the following:

	Years Ended December 31,
	2020		2019		2018
	(In thousands)
Current:
United States	$	106,632	$	51,664	$	18,138
Foreign	7,968		7,059		10,541
State	23,439		12,908		6,974
Total current income taxes	138,039		71,631		35,653
Deferred:
United States	$	6,339	$	12,973	$	(48,565)
Foreign	(64)		(571)		386
State	1,609		10,628		6,700
Total deferred income taxes	7,884		23,030		(41,479)
Total income taxes	$	145,923	$	94,661	$	(5,826)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The differences between the U.S. federal statutory income tax rate and our effective tax rate were as follows:

	Years Ended December 31,
	2020			2019			2018
	(In thousands)
Computed tax provision at the applicable federal statutory income tax rate	$	139,031		$	97,531		$	92,764
State and local taxes, net of federal income tax benefits	20,711			20,081			10,146
Foreign jurisdiction differences	2,496			1,646			2,377
Permanent differences associated with divestitures	73			1,288			790
Changes in uncertain tax positions and audit settlements	100			(9,842)			(88,687)
Foreign valuation allowance, net of federal income tax benefits	(566)			$	43		$	(431)
Enactment of U.S. Tax Act	—			—			(16,105)
Excess tax benefit from share-based compensation	(9,093)			(13,868)			(11,159)
Other	(6,829)			(2,218)			4,479
Provision for (benefit from) income taxes	$	145,923		$	94,661		$	(5,826)
Total consolidated effective tax rate	22.0		%	20.4		%	(1.3)		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

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

	Years Ended December 31,
	2020		2019
	(In thousands)
Inventories and cemetery property	$	(208,707)	$	(212,498)
Deferred incremental direct selling costs	(81,301)		(76,692)
Property and equipment	(161,293)		(139,548)
Intangibles	(201,361)		(199,906)
Other	(2,424)		(1,893)
Deferred tax liabilities	(655,086)		(630,537)
Loss and tax credit carryforwards	134,912		143,391
Deferred revenue on preneed funeral and cemetery contracts	117,748		113,171
Accrued liabilities	73,743		67,489
Deferred tax assets	326,403		324,051
Less: valuation allowance	(108,090)		(114,331)
Net deferred income tax liability	$	(436,773)	$	(420,817)

Schedule of Deferred Taxes Classification [Table Text Block]

Deferred tax assets and deferred income tax liabilities are recognized in our Consolidated Balance Sheet as follows:

	Years Ended December 31,
	2020		2019
	(In thousands)
Non-current deferred tax assets - included in Deferred charges and other assets, net	$	535	$	665
Non-current deferred tax liabilities - included in Deferred tax liability	(437,308)		(421,482)
Net deferred income tax liability	$	(436,773)	$	(420,817)

Summary of Income Tax Contingencies [Table Text Block]

The following table summarizes the activity related to our gross unrecognized tax benefits from January 1, 2018 to December 31, 2020 (in thousands):

	Federal, State, and Foreign Tax
	(In thousands)
Balance at December 31, 2017	$	79,455
Additions to tax positions related to prior years	1,348
Reduction to tax positions due to expiration of statutes of limitation	(79,455)
Balance at December 31, 2018	$	1,348
Reductions to tax positions related to prior years	—
Balance at December 31, 2019	$	1,348
Reductions to tax positions related to prior years	—
Balance at December 31, 2020	$	1,348

Summary of Operating Loss Carryforwards [Table Text Block]

Such loss carryforwards will expire as follows:

	Federal		State		Foreign		Total
	(In thousands)
2021	$	—	$	159,554	$	—	$	159,554
2022	—		77,737		—		77,737
2023	—		226,906		151		227,057
2024	—		172,593		578		173,171
Thereafter	135		1,832,849		11,702		1,844,686
Total	$	135	$	2,469,639	$	12,431	$	2,482,205

Summary of Valuation Allowance [Table Text Block]

At December 31, 2020, our loss and tax credit carryforward deferred tax assets and related valuation allowances by jurisdiction are as follows (presented net of federal benefit):

	Federal		State		Foreign		Total
			(In thousands)
Loss and tax credit carryforwards	$	28	$	128,024	$	6,860	$	134,912
Valuation allowance	$	—	$	88,056	$	20,034	$	108,090