XML 54 R41.htm IDEA: XBRL DOCUMENT v3.20.4

Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

		2020				2019				2018
U.S.		$	834.0			$	553.9			$	700.2
Foreign			63.5				14.5				19.5
Total income before income taxes		$	897.5			$	568.4			$	719.7

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		2020				2019				2018
Current:
Federal		$	111.0			$	109.9			$	69.0
State and local			23.1				21.4				22.1
Foreign			18.9				14.6				11.1
Total current provision for income taxes			153.0				145.9				102.2
Deferred:
Federal			22.6				(14.3	)			27.6
State and local			7.4				(0.2	)			2.8
Foreign			1.8				(12.9	)			(11.6	)
Total deferred provision for income taxes			31.8				(27.4	)			18.8
Provision for income taxes		$	184.8			$	118.5			$	121.0

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2020				2019				2018
Federal statutory rate			21.0	%			21.0	%			21.0	%
State and local taxes, net of federal tax benefit			2.7	%			2.8	%			2.8	%
UK legislative rate change impact			1.5	%			—	%			—	%
Foreign Derived Intangible Income (FDII)			(0.8	)%			(1.2	)%			(0.9	)%
Stock-based compensation			(3.7	)%			(3.0	)%			(5.5	)%
Earn-outs			—	%			2.0	%			0.1	%
Other			(0.1	)%			(0.7	)%			(0.7	)%
Effective tax rate			20.6	%			20.9	%			16.8	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2020				2019
Deferred tax assets:
Employee wages, pension, and other benefits		$	7.3			$	13.0
ASC 842/Deferred rent			10.3				7.3
Net operating loss carryover			22.7				28.8
Litigation accrual			31.3				31.2
Capital and other unrealized losses			1.6				1.7
Interest expense			44.1				33.4
Other			12.2				16.4
Total			129.5				131.8
Less valuation allowance			(48.0	)			(46.5	)
Deferred tax assets			81.5				85.3
Deferred tax liabilities:
Fixed assets and intangible assets			(445.3	)			(411.0	)
Commissions			(16.6	)			(14.3	)
Other			(7.4	)			(6.2	)
Deferred tax liabilities			(469.3	)			(431.5	)
Deferred tax liabilities, net		$	(387.8	)		$	(346.2	)

Summary of Operating Loss Carryforwards [Table Text Block]

Years Ending		Amount
2021 - 2028		$	22.7
2029 - 2033			20.5
2034 - 2040			177.9
Total		$	221.1

Summary of Income Tax Contingencies [Table Text Block]

		2020				2019				2018
Unrecognized tax benefit as of January 1		$	11.5			$	17.4			$	16.3
Gross increase in tax positions in prior period			0.5				0.6				2.0
Gross decrease in tax positions in prior period			(0.2	)			(3.3	)			(0.1	)
Settlements			—				(2.4	)			(0.3	)
Lapse of statute of limitations			(1.9	)			(0.8	)			(0.5	)
Unrecognized tax benefit as of December 31		$	9.9			$	11.5			$	17.4

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration