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Income Taxes | 12 Months Ended
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Dec. 31, 2015
Income Taxes [Abstract] |
Income Taxes | 4. Income Taxes The components of the provision for income taxes are as follows:
| Year ended December 31,
| 2015 |  | 2014 |  | 2013
Current tax: |  |  |  |  |  |  |  |
U.S. Federal | $ | 244,470 |  | $ | 248,219 |  | $ | 165,731
U.S. State |  | 37,957 |  |  | 41,225 |  |  | 39,136
Foreign |  | 172 |  |  | 156 |  |  | 63
|  | 282,599 |  |  | 289,600 |  |  | 204,930
Deferred tax: |  |  |  |  |  |  |  |
U.S. Federal |  | 11,000 |  |  | (13,890) |  |  | 5,238
U.S. State |  | 699 |  |  | (6,740) |  |  | (3,105)
Foreign |  | (2,288) |  |  | (3,075) |  |  | (1,330)
|  | 9,411 |  |  | (23,705) |  |  | 803
Valuation allowance |  | 2,255 |  |  | 3,034 |  |  | 1,300
Provision for income taxes | $ | 294,265 |  | $ | 268,929 |  | $ | 207,033
Actual taxes paid for each tax period were less than the current tax expense due to the excess tax benefit on stock-based compensation of $74,442, $21,667, and $38,379 during the years ended December 31, 2015, 2014, and 2013, respectively. The effective tax rate differs from the statutory tax rates as follows:
|  | Year ended December 31,
|  | 2015 |  | 2014 |  | 2013
Statutory U.S. federal income tax rate |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income tax, net of related federal income tax benefit |  | 3.6 |  |  | 3.7 |  |  | 4.2 |
Other |  | (0.4) |  |  | (1.1) |  |  | (0.5) |
Effective income tax rate |  | 38.2 | % |  | 37.6 | % |  | 38.7 | %
In 2015 and 2014, the effective tax rate was lower than 2013 because there was a decrease in the state tax rate. Additionally, 2014 included a benefit from filing the 2013 tax returns, which included a non-recurring change in the estimate of usable employer credits. Deferred income tax liabilities are taxes the Company expects to pay in future periods. Similarly, deferred income tax assets are recorded for expected reductions in taxes payable in future periods. Deferred income taxes arise because of the differences in the book and tax bases of certain assets and liabilities. Deferred income tax liabilities and assets consist of the following:
|  |  |  | December 31,
|  |  |  | 2015 |  | 2014
|  |  |  |  |  |  | (as adjusted)
Long-term deferred income tax liability: |  |  |  |  |  |  |  |
Leasehold improvements, property and equipment |  |  |  | $ | 192,125 |  | $ | 175,808
Goodwill and other assets |  |  |  |  | 1,696 |  |  | 1,519
Prepaid assets and other |  |  |  |  | 8,297 |  |  | 6,091
Total long-term deferred income tax liability |  |  |  |  | 202,118 |  |  | 183,418
Long-term deferred income tax asset: |  |  |  |  |  |  |  |
Deferred rent |  |  |  |  | 57,716 |  |  | 52,147
Gift card liability |  |  |  |  | 3,171 |  |  | 1,451
Capitalized transaction costs |  |  |  |  | 502 |  |  | 503
Stock-based compensation and other employee benefits |  |  |  |  | 83,058 |  |  | 87,713
Foreign net operating loss carry-forwards |  |  |  |  | 11,407 |  |  | 8,618
State credits |  |  |  |  | 4,783 |  |  | 4,281
Allowances, reserves and other |  |  |  |  | 18,577 |  |  | 14,656
Valuation allowance |  |  |  |  | (9,401) |  |  | (7,512)
Total long-term deferred income tax asset |  |  |  |  | 169,813 |  |  | 161,857
Net long-term deferred income tax liability |  |  |  | $ | 32,305 |  | $ | 21,561
As described in Note 1, the Company elected to early adopt FASB guidance ASU 2015-17 “Income Taxes” as of December 31, 2015 and to apply the guidance retrospectively to all periods presented related to the classification of current and noncurrent deferred tax assets and liabilities. Accordingly, the Company reclassified the prior period amount of $18,968 related to its net deferred tax asset from current to noncurrent, resulting in an offset to the noncurrent deferred income tax liability for the same amount for that period. The unrecognized tax benefits are as follows:
| 2015 |  | 2014 |  | 2013
Beginning of year |  | 1,342 |  |  | - |  |  | -
Increase resulting from prior year tax position |  | 402 |  |  | - |  |  | -
Increase resulting from current year tax position |  | 2,032 |  |  | 1,342 |  |  | -
End of year | $ | 3,776 |  | $ | 1,342 |  | $ | -
The Company is open to federal and state tax audits until the applicable statutes of limitations expire. Tax audits by their very nature are often complex and can require several years to complete. The Company is no longer subject to U.S. federal tax examinations by tax authorities for tax years before 2012. For the majority of states where the Company has a significant presence, it is no longer subject to tax examinations by tax authorities for tax years before 2012. Some of the Company’s foreign net opera ting losses bega n expiring in 2015.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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