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Income Taxes | 12 Months Ended
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Dec. 31, 2018
Income Taxes [Abstract] |
Income Taxes | 7. Income Taxes The components of the provision for income taxes are as follows: ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ | Year ended December 31,
﻿ | 2018 |  | 2017 |  | 2016
﻿Current tax: |  |  |  |  |  |  |  |
﻿U.S. Federal | $ | 58,878 |  | $ | 98,208 |  | $ | 20,765
﻿U.S. State |  | 21,780 |  |  | 18,639 |  |  | 8,687
﻿Foreign |  | 637 |  |  | 669 |  |  | 556
﻿ |  | 81,295 |  |  | 117,516 |  |  | 30,008
﻿Deferred tax: |  |  |  |  |  |  |  |
﻿U.S. Federal |  | 10,541 |  |  | (16,201) |  |  | (11,596)
﻿U.S. State |  | 479 |  |  | (1,559) |  |  | (2,546)
﻿Foreign |  | (2,261) |  |  | (496) |  |  | (2,470)
﻿ |  | 8,759 |  |  | (18,256) |  |  | (16,612)
﻿Valuation allowance |  | 1,829 |  |  | 230 |  |  | 2,405
﻿Provision for income taxes | $ | 91,883 |  | $ | 99,490 |  | $ | 15,801
﻿ The effective tax rate differs from the statutory tax rates as follows: ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Year ended December 31,
﻿ |  | 2018 |  | 2017 |  | 2016
﻿Statutory U.S. federal income tax rate |  | 21.0 | % |  | 35.0 | % |  | 35.0 | %
﻿State income tax, net of related federal income tax benefit |  | 6.6 |  |  | 4.4 |  |  | 13.3 |
﻿Federal credits |  | (2.1) |  |  | (1.5) |  |  | (10.1) |
﻿Executive compensation disallowed |  | 1.4 |  |  | - |  |  | - |
﻿Meals and entertainment |  | 0.1 |  |  | - |  |  | - |
﻿Enhanced deduction for food donation |  | (0.1) |  |  | (0.2) |  |  | (2.4) |
﻿Valuation allowance |  | 0.7 |  |  | 0.1 |  |  | 6.0 |
﻿Other |  | 3.5 |  |  | 1.5 |  |  | 6.2 |
﻿Effects of the TCJA |  | - |  |  | (2.3) |  |  | - |
﻿Return to provision and other discrete items |  | 1.1 |  |  | (0.9) |  |  | (7.2) |
﻿Equity compensation related adjustments |  | 2.0 |  |  | - |  |  | - |
﻿Effective income tax rate |  | 34.2 | % |  | 36.1 | % |  | 40.8 | %
﻿ The 2018 annual effective tax rate was lower than the 2017 rate primarily due to the favorable impacts of the TCJA (as defined below) and federal tax credits offset by unfavorable tax impacts of expirations and cancellations of various equity awards. The components of the deferred income tax assets and liabilities as of December 31, 2018 and 2017 for continuing operations are as follows:
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  | December 31,
﻿ |  |  |  | 2018 |  | 2017
﻿Deferred income tax liability: |  |  |  |  |  |  |  |
﻿Leasehold improvements, property and equipment |  |  |  | $ | 144,113 |  | $ | 140,908
﻿Goodwill and other assets |  |  |  |  | 1,438 |  |  | 1,339
﻿Prepaid assets and other |  |  |  |  | 4,154 |  |  | 5,191
﻿Total deferred income tax liability |  |  |  |  | 149,705 |  |  | 147,438
﻿Deferred income tax asset: |  |  |  |  |  |  |  |
﻿Deferred rent |  |  |  |  | 49,481 |  |  | 42,859
﻿Gift card liability |  |  |  |  | 5,752 |  |  | 4,580
﻿Capitalized transaction costs |  |  |  |  | 323 |  |  | 324
﻿Stock-based compensation and other employee benefits |  |  |  |  | 65,651 |  |  | 80,447
﻿Foreign net operating loss carry-forwards |  |  |  |  | 11,871 |  |  | 11,376
﻿State credits |  |  |  |  | 5,230 |  |  | 5,589
﻿Allowances, reserves and other |  |  |  |  | 13,355 |  |  | 13,719
﻿Valuation allowance |  |  |  |  | (13,524) |  |  | (12,270)
﻿Total deferred income tax asset |  |  |  |  | 138,139 |  |  | 146,624
﻿Net deferred income tax liability |  |  |  | $ | 11,566 |  | $ | 814
﻿ As of December 31, 2018, we have $1,530 of deferred tax assets related to outstanding non-vested stock awards that contain market conditions. If market conditions are not achieved, then we may not realize the benefit of these deferred tax assets, which would increase our effective tax rates in future periods. As of December 31, 2018 and 2017, the gross foreign net operating losses were $54,599 and $50,292 as of December 31, 2018 and 2017, respectively. As of December 31, 2018 and 2017, we had gross valuation allowances of approximately $63,509 and $54,675, respectively, against certain foreign deferred tax assets. The increase in the valuation allowance was primarily due to the recording of a valuation allowance on various foreign tax attributes. Unrecognized Tax Benefits A reconciliation of the unrecognized tax benefits is as follows: ﻿
﻿ |  |  |  |  |  |  |  |
﻿ | Year ended December 31,
﻿ | 2018 |  | 2017 |  | 2016
﻿Beginning of year | $ | 8,937 |  | $ | 4,211 |  | $ | 3,776
﻿Increase resulting from current year tax position |  | 751 |  |  | 4,726 |  |  | 435
﻿Lapsing of statutes of limitations |  | (328) |  |  | - |  |  | -
﻿End of year | $ | 9,360 |  | $ | 8,937 |  | $ | 4,211
﻿ Interest expense related to uncertain tax positions is recognized in interest expense, and penalties related to uncertain tax positions are recognized in income tax expense. During the years ended December 31, 2018, 2017, and 2016, we recognized $536, $364, and $430, respectively, in interest expense related to uncertain tax positions. These balances are gross amounts before any tax benefits and are included in other liabilities in the accompanying consolidated balance sheets. We ha ve accrued $1,329 and $794 fo r the payment of interest at December 31, 2018 and 2017, respectively. W e are no longer subject to U.S. federal tax examinations by tax authorities for tax years before 2015. For the majority of states where we have a significant presence, we are no longer subject to tax examinations by tax authorities for tax years before 2015. Currently, we expect expirations of statutes of limitations, excluding indemnified amounts, on reserves of approximately $767 within the next twelve months. It is reasonably possible the amount of the unrecognized benefit with respect to certain unrecognized positions could significantly increase or decrease within the next twelve months and would have an impact on net income. Tax Cuts and Jobs Act Effective for tax years beginning after December 31, 2017, the U.S. corporate income tax rate is 21% pursuant to the Tax Cuts and Jobs Act (“TCJA”), that was signed into law December 2017. As of December 31, 2018, we have completed our accounting for the tax effects of the TCJA and recorded cumulative tax adjustments of $6,446 in accordance with SAB 118 guidance. In connection with the TCJA, a one-time transition tax is assessed on total post-1986 accumulated foreign earnings and profits that were previously deferred from U.S. income taxes, the amount of those earnings held in cash, and other specified assets and foreign tax pools. Based on our analysis of our total post-1986 accumulated foreign earnings and profits that were previously deferred from U.S. income taxes, the amount of those earnings held in cash, and other specified assets and foreign tax pools, we have determined a one-time transition tax of $0.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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