INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The following table sets forth the components of the provision (benefit) for income taxes:

	Year Ended December 31,
	2019		2018		2017
			(In thousands)
Current income taxes:
Federal	$	31,695	$	28,464	$	122,170
State	8,616		7,458		2,259
Foreign	6,347		10,611		15,274
Total current income taxes	46,658		46,533		139,703
Deferred income taxes:
Federal	6,774		5,253		(48,060		)
State	1,846		1,967		4,508
Foreign	4,585		1,917		(6,844		)
Total deferred income taxes	13,205		9,137		(50,396		)
Provision for income taxes	$	59,863	$	55,670	$	89,307

Schedule of Income before Income Tax, Domestic and Foreign

The following table sets forth the components of income before income taxes by jurisdiction:

	Year Ended December 31,
	2019		2018		2017
			(In thousands)
United States	$	198,566	$	198,556	$	180,957
Foreign	83,495		82,469		71,483
Income before income taxes	$	282,061	$	281,025	$	252,440

Schedule of Effective Income Tax Rate Reconciliation

The following table sets forth the reconciliation between the federal statutory income tax rate and the effective tax rate:

	Year Ended December 31,
	2019		2018		2017
Federal statutory rate	21.0	%	21.0	%	35.0	%
State income taxes, net of federal income tax benefit	3.1		2.8		1.4
Deemed repatriation of undistributed foreign earnings	(1.3	)	(1.2	)	32.8
Deferred income tax remeasurement	—		(0.3	)	(22.4	)
Tax effect of intercompany financing	(5.5	)	(5.6	)	(10.5	)
Other	3.9		3.1		(0.9	)
Effective tax rate	21.2	%	19.8	%	35.4	%

Schedule of Deferred Tax Assets and Liabilities

The following table sets forth deferred tax assets and liabilities:

	As of December 31,
	2019					2018
				(In thousands)
	Assets			Liabilities		Assets			Liabilities
Accounts receivable	$	3,382		$	—	$	3,657		$	—
Inventories	—			4,580		—			3,315
Depreciation of property, buildings and equipment	—			18,393		—			17,384
Operating leases	61,326			60,670		—			—
Amortization of intangible assets	—			159,573		—			158,795
Employee benefits	20,641			—		20,107			—
Stock-based compensation	13,792			—		12,840			—
Tax loss carryforwards	10,486			—		15,557			—
Foreign tax credit carryforwards	1,247			—		—			—
Other	6,791			3,964		7,927			4,115
Deferred income taxes before valuation allowance	117,665			247,180		60,088			183,609
Valuation allowance	(5,854		)	—		(4,072		)	—
Total deferred income taxes	$	111,811		$	247,180	$	56,016		$	183,609

Summary of Income Tax Examinations

United States — Federal	2015 and forward
United States — Material States	2015 and forward
Canada	2008 and forward

Summary of Income Tax Contingencies

The following table sets forth the reconciliation of gross unrecognized tax benefits:

	As of December 31,
	2019			2018			2017
	(In thousands)
Beginning balance January 1	$	1,293		$	4,348		$	6,181
Reductions for tax positions of prior years	—			—			(155		)
Settlements	(1,290		)	(2,646		)	(1,025		)
Lapse in statute of limitations	—			(287		)	(755		)
Foreign currency exchange rate changes	51			(122		)	102
Ending balance December 31	$	54		$	1,293		$	4,348