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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Reconciliation of Unrecognized Income Tax Benefits

A reconciliation of unrecognized income tax benefits at the beginning and at the end of the year is as follows (in thousands):

	2016				2015
Balance at beginning of year	$	4,761			$	5,203
Additions based on tax positions related to the current year	1,415				611
Additions based on tax positions related to prior years	—				—
Reductions for tax positions of prior years	(1,360		)		(1,053		)
Reductions for expired statute of limitations	(834		)		—
Balance at end of year	$	3,982			$	4,761

Schedule of Income Tax Provision

The income tax provision in the accompanying Consolidated Statements of Operations for the years ended December 31, 2016, 2015 and 2014 consisted of the following (in thousands):

	2016				2015				2014
Current:
Federal provision	$	95,171			$	94,405			$	80,852
State and local provisions	23,387				21,320				14,532
Foreign provision	749				831				2,396
	119,307				116,556				97,780
Deferred	(8,108		)		(10,300		)		5,748
	$	111,199			$	106,256			$	103,528

Schedule of U.S. Statutory Income Tax Rates From Continuing Operations

Factors accounting for the variation from U.S. statutory income tax rates from continuing operations for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands):

	2016				2015				2014
Federal income taxes at the statutory rate	$	103,773			$	97,588			$	98,576
Noncontrolling interests	(76		)		(77		)		(1,667		)
State and local income taxes, net of federal tax benefits	14,801				12,590				9,944
State tax reserves	74				62				(38		)
Permanent differences	3,698				3,096				2,961
Domestic manufacturing deduction	(6,830		)		(6,604		)		(5,008		)
Excess tax benefit from share-based compensation	(2,114		)		—				—
Foreign income taxes (including UK statutory rate changes)	(1,290		)		(361		)		(1,237		)
Federal tax reserves	(893		)		14				62
Other	56				(52		)		(65		)
	$	111,199			$	106,256			$	103,528

Schedule of Deferred Tax Assets and Liabilities

The deferred income tax assets and deferred income tax liabilities recorded for the years ended December 31, 2016 and 2015 were as follows (in thousands):

	2016				2015
Deferred income tax assets:
Excess of amounts expensed for financial statement purposes over amounts deducted for income tax purposes:
Insurance liabilities	$	62,473			$	58,582
Pension liability	8,950				6,255
Deferred compensation	35,649				28,033
Other (including liabilities and reserves)	32,350				28,562
Total deferred income tax assets	139,422				121,432
Valuation allowance for deferred tax assets	(3,531		)		(805		)
Net deferred income tax assets	135,891				120,627
Deferred income tax liabilities:
Costs capitalized for financial statement purposes and deducted for income tax purposes:
Goodwill and identifiable intangible assets	(229,347		)		(218,715		)
Depreciation of property, plant and equipment	(18,145		)		(17,211		)
Other	(5,761		)		(5,299		)
Total deferred income tax liabilities	(253,253		)		(241,225		)
Net deferred income tax liabilities	$	(117,362	)		$	(120,598	)

Schedule of Income before Income Tax From Continuing Operations

Income before income taxes from continuing operations for the years ended December 31, 2016, 2015 and 2014 consisted of the following (in thousands):

	2016				2015				2014
United States	$	283,904			$	264,867			$	265,529
Foreign	12,590				13,956				16,116
	$	296,494			$	278,823			$	281,645

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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.

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-Publisher FASB
-Name Accounting Standards Codification
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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.

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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.

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

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Tabular disclosure of the change in unrecognized tax benefits.

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