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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Components of deferred tax assets and liabilities The components of the Company’s deferred tax assets and liabilities were as follows:
 
December 31,
(in millions)
2019
 
2018
Deferred tax assets:
 
 
 
Stock-based compensation expense
$
11.7

 
$
9.0

Accrued expenses
37.6

 
42.9

Financing obligations associated with the Master Leases
1,097.6

 
1,919.7

Unrecognized tax benefits
7.7

 
6.7

Investments in and advances to unconsolidated affiliates
—

 
3.6

Net operating losses, interest limitation and tax credit carryforwards
87.6

 
122.8

Gross deferred tax assets
1,242.2

 
2,104.7

Less: Valuation allowance
(54.2
)
 
(89.5
)
Net deferred tax assets
1,188.0

 
2,015.2

Deferred tax liabilities:
 
 
 
Property and equipment, not subject to the Master Leases
(53.1
)
 
(47.3
)
Property and equipment, subject to the Master Leases
(1,088.9
)
 
(1,599.9
)
Investments in and advances to unconsolidated affiliates
(2.9
)
 
—

Undistributed foreign earnings
(0.4
)
 
(0.4
)
Intangible assets
(287.3
)
 
(287.0
)
Net deferred tax liabilities
(1,432.6
)
 
(1,934.6
)
Long-term deferred tax assets (liabilities), net
$
(244.6
)
 
$
80.6
Components of income before income tax expense
The domestic and foreign components of income (loss) before income taxes for the years ended December 31, 2019, 2018 and 2017 were as follows:
 
For the year ended December 31,
(in millions)
2019
 
2018
 
2017
Domestic
$
85.5

 
$
89.6

 
$
(29.6
)
Foreign
0.6

 
0.3

 
4.5

Total
$
86.1

 
$
89.9

 
$
(25.1
)
Schedule of provision for income taxes
The components of income tax benefit (expense) for the years ended December 31, 2019, 2018 and 2017 were as follows: 
 
For the year ended December 31,
(in millions)
2019
 
2018
 
2017
Current tax benefit (expense)
 
 
 
 
 
Federal
$
(12.5
)
 
$
(15.3
)
 
$
(16.3
)
State
(9.2
)
 
(6.4
)
 
(6.1
)
Foreign
(0.2
)
 
(1.4
)
 
3.0

Total current
(21.9
)
 
(23.1
)
 
(19.4
)
Deferred tax benefit (expense)
 
 
 
 
 
Federal
(16.7
)
 
14.6

 
480.7

State
(4.4
)
 
10.9

 
39.3

Foreign
—

 
1.2

 
(2.1
)
Total deferred
(21.1
)
 
26.7

 
517.9

Total income tax benefit (expense)
$
(43.0
)
 
$
3.6

 
$
498.5
Reconciliation of the statutory federal income tax rate to the actual effective income tax rate
The following table reconciles the statutory federal income tax rate to the actual effective income tax rate, and related amounts of income tax benefit (expense), for the years ended December 31, 2019, 2018 and 2017:
 
For the year ended December 31,
 
2019
 
2018
 
2017
(in millions, except tax rates)
Percent
 
Amount
 
Percent
 
Amount
 
Percent
 
Amount
Percent and amount of pretax income
 
 
 
 
 
 
 
 
 
 
 
Federal statutory rate
21.0
%
 
$
(18.1
)
 
21.0
 %
 
$
(18.9
)
 
35.0
 %
 
$
8.8

State and local income taxes, net of federal benefits
9.9

 
(8.5
)
 
(6.2
)
 
5.6

 
6.3

 
1.6

Nondeductible expenses
4.0

 
(3.5
)
 
6.9

 
(6.2
)
 
(16.0
)
 
(4.0
)
Goodwill impairment losses
14.4

 
(12.4
)
 
—

 
—

 
(20.5
)
 
(5.1
)
Compensation
0.3

 
(0.3
)
 
(3.8
)
 
3.4

 
29.5

 
7.4

Contingent liability settlement
—

 
—

 
—

 
—

 
22.9

 
5.7

Foreign
0.1

 
(0.1
)
 
(0.1
)
 
0.1

 
11.3

 
2.8

Valuation allowance
—

 
—

 
(20.3
)
 
18.3

 
2,962.3

 
741.9

Tax Act - deferred rate change
—

 
—

 
—

 
—

 
(1,043.5
)
 
(261.3
)
Other
0.2

 
(0.1
)
 
(1.5
)
 
1.3

 
3.3

 
0.7

Total effective tax rate and income tax benefit (expense)
49.9
%
 
$
(43.0
)
 
(4.0
)%
 
$
3.6

 
1,990.6
 %
 
$
498.5

 
Reconciliation of unrecognized tax benefits
A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
(in millions)
Unrecognized tax benefits
Unrecognized tax benefits as of January 1, 2017
$
26.8

Additions based on current year positions
2.9

Additions based on prior year positions
2.8

Decreases due to settlements and/or reduction in reserves
(1.3
)
Currency translation adjustments
(0.1
)
Settlement payments
(0.2
)
Unrecognized tax benefits as of December 31, 2017
30.9

Additions based on prior year positions
0.8

Decreases due to settlements and/or reduction in reserves
(2.0
)
Unrecognized tax benefits as of December 31, 2018
29.7

Additions based on prior year positions
6.5

Decreases due to settlements and/or reduction in reserves
(0.2
)
Unrecognized tax benefits as of December 31, 2019
$
36.0