Income Taxes Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2017 |
Income Taxes [Abstract] |
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Loss Before Income Tax, Domestic and Foreign [Table Text Block] |
Loss before income taxes was comprised of the following: | | | | | | | | | | | | | | Year Ended December 31, | (In thousands) | 2017 | | 2016 | | 2015 | Domestic | $ | (109,615 | ) | | $ | (110,347 | ) | | $ | (1,041,243 | ) | Foreign | (585 | ) | | (2,927 | ) | | (15,337 | ) | Loss before income taxes | $ | (110,200 | ) | | $ | (113,274 | ) | | $ | (1,056,580 | ) |
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Reconciliation of Income Tax Expense [Table Text Block] |
A reconciliation of the federal statutory rate of 35% to actual follows: | | | | | | | | | | | Year Ended December 31, | | 2017 | | 2016 | | 2015 | Tax at statutory rate | 35.0 | % | | 35.0 | % | | 35.0 | % | Tax Cuts and Jobs Act of 2017 | 70.3 | % | | — | % | | — | % | Goodwill impairment | — | % | | (29.3 | )% | | (27.0 | )% | State income taxes | (1.8 | )% | | 3.3 | % | | 2.8 | % | Effect of foreign operations, net of foreign tax credits | 3.5 | % | | (0.2 | )% | | — | % | Effect of current and prior year credits | 1.7 | % | | 2.9 | % | | 0.5 | % | Adjustments to deferred taxes | 1.6 | % | | 0.6 | % | | — | % | Valuation allowance | (1.6 | )% | | (6.6 | )% | | (1.0 | )% | Other, net | (2.7 | )% | | 1.4 | % | | (0.5 | )% | Effective income tax rate | 106.0 | % | | 7.1 | % | | 9.8 | % |
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Components of Income Tax Expense [Table Text Block] |
The components of income tax (benefit) expense are as follows: | | | | | | | | | | | | | | Year Ended December 31, | (In thousands) | 2017 | | 2016 | | 2015 | Current (benefit) expense | | | | | | Federal | $ | (34,445 | ) | | $ | 23,752 |
| | $ | 29,668 |
| State | 1,216 |
| | 779 |
| | (6,432 | ) | Foreign | (1,417 | ) | | (582 | ) | | 2,575 |
| Total current | (34,646 | ) | | 23,949 |
| | 25,811 |
| Deferred (benefit) expense | | | | | | Federal | (89,820 | ) | | (27,307 | ) | | (100,139 | ) | State | 9,266 |
| | (6,586 | ) | | (28,143 | ) | Foreign | (1,653 | ) | | 1,865 |
| | (589 | ) | Total deferred | (82,207 | ) | | (32,028 | ) | | (128,871 | ) | Total income tax benefit | $ | (116,853 | ) | | $ | (8,079 | ) | | $ | (103,060 | ) |
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Deferred Tax Assets [Table Text Block] |
Deferred tax assets (liabilities) consist of the following: | | | | | | | | | | December 31, | (In thousands) | 2017 | | 2016 | Deferred tax assets | | | | State net operating loss carryforwards | $ | 22,154 |
| | $ | 17,538 |
| Foreign net operating loss carryforwards | 16,760 |
| | 17,234 |
| Accrued liabilities | 49,619 |
| | 70,733 |
| Intangible assets | 26,029 |
| | 43,662 |
| Other assets including credits | 11,967 |
| | 7,497 |
| Foreign tax credit carryforwards | 6,601 |
| | 13,576 |
| Total deferred tax assets | 133,130 |
| | 170,240 |
| Valuation allowance | (40,074 | ) | | (35,410 | ) | Deferred tax assets, net | 93,056 |
| | 134,830 |
| Deferred tax liabilities | | | | Rental merchandise | (139,425 | ) | | (234,211 | ) | Property assets | (40,712 | ) | | (73,763 | ) | Total deferred tax liabilities | (180,137 | ) | | (307,974 | ) | Net deferred taxes | $ | (87,081 | ) | | $ | (173,144 | ) |
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Unrecognized Tax Benefits [Table Text Block] |
A reconciliation of the beginning and ending amount of unrecognized tax benefits follows: | | | | | | | | | | | | | | Year Ended December 31, | (In thousands) | 2017 | | 2016 | | 2015 | Beginning unrecognized tax benefit balance | $ | 33,723 |
| | $ | 27,164 |
| | $ | 13,376 |
| (Reductions) additions based on tax positions related to current year | (2,280 | ) | | 773 |
| | 1,508 |
| Additions for tax positions of prior years | 6,688 |
| | 8,396 |
| | 20,684 |
| Reductions for tax positions of prior years | (368 | ) | | (2,246 | ) | | (8,354 | ) | Settlements | (444 | ) | | (364 | ) | | (50 | ) | Ending unrecognized tax benefit balance | $ | 37,319 |
| | $ | 33,723 |
| | $ | 27,164 |
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