Income Taxes Level 3 (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2019
	(In thousands)
United States	$	994,632	$	633,608	$	441,579
Foreign	50,868		28,452		22,853
	$	1,045,500	$	662,060	$	464,432

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

Income tax provision consisted of the following:

	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Current:
United States	$	194,545	$	106,632	$	51,664
Foreign	14,088		7,968		7,059
State	39,452		23,439		12,908
Total current income taxes	248,085		138,039		71,631
Deferred:
United States	$	(3,543)	$	6,339	$	12,973
Foreign	(5,492)		(64)		(571)
State	3,198		1,609		10,628
Total deferred income taxes	(5,837)		7,884		23,030
Total income taxes	$	242,248	$	145,923	$	94,661

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,
	2021			2020			2019
	(In thousands)
Computed tax provision at the applicable federal statutory income tax rate	$	219,555		$	139,031		$	97,531
State and local taxes, net of federal income tax benefits	35,045			20,711			20,081
Foreign jurisdiction differences	3,041			2,496			1,646
Permanent differences associated with divestitures	400			73			1,288
Changes in uncertain tax positions and audit settlements	51			100			(9,842)
Foreign valuation allowance, net of federal income tax benefits	(4,155)			(566)			43
Excess tax benefit from share-based compensation	(12,476)			(9,093)			(13,868)
Other	787			(6,829)			(2,218)
Provision for income taxes	$	242,248		$	145,923		$	94,661
Total consolidated effective tax rate	23.2		%	22.0		%	20.4		%

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,
	2021		2020
	(In thousands)
Inventories and cemetery property	$	(205,660)	$	(208,707)
Deferred incremental direct selling costs	(90,691)		(81,301)
Property and equipment	(170,198)		(161,293)
Intangibles	(203,229)		(201,361)
Other	(3,728)		(2,424)
Deferred tax liabilities	(673,506)		(655,086)
Loss and tax credit carryforwards	148,069		134,912
Deferred revenue on preneed funeral and cemetery contracts	135,112		117,748
Accrued liabilities	79,333		73,743
Deferred tax assets	362,514		326,403
Less: valuation allowance	(120,739)		(108,090)
Net deferred income tax liability	$	(431,731)	$	(436,773)

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,
	2021		2020
	(In thousands)
Non-current deferred tax assets - included in Deferred charges and other assets, net	$	6,171	$	535
Non-current deferred tax liabilities - included in Deferred tax liability	(437,902)		(437,308)
Net deferred income tax liability	$	(431,731)	$	(436,773)

Summary of Income Tax Contingencies [Table Text Block]

The following table summarizes the activity related to our gross unrecognized tax benefits from January 1, 2019 to December 31, 2021 (in thousands):

	Federal, State, and Foreign Tax
	(In thousands)
Balance at December 31, 2018	$	1,348
Reduction 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
Reductions to tax positions related to prior years	—
Balance at December 31, 2021	$	1,348

Summary of Operating Loss Carryforwards [Table Text Block]

Such loss carryforwards will expire as follows:

	Federal		State		Foreign		Total
	(In thousands)
2022	$	—	$	76,127	$	—	$	76,127
2023	—		219,103		—		219,103
2024	—		160,530		415		160,945
2025	—		330,888		3,032		333,920
Thereafter	—		1,886,616		8,030		1,894,646
Total	$	—	$	2,673,264	$	11,477	$	2,684,741

Summary of Valuation Allowance [Table Text Block]

At December 31, 2021, 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	$	—	$	141,551	$	6,518	$	148,069
Valuation allowance	$	—	$	105,635	$	15,104	$	120,739