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Income Taxes Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Schedule Of Components Of Income Tax Expense (Benefit) | The provision for income taxes consists of the following components (in thousands):
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
Current: |  |  |  |  |
Federal | $ | 101,839 |  |  | $ | 90,216 |  |  | $ | 196,825 |
State | 24,925 |  |  | 25,851 |  |  | 27,149 |
Foreign | 81,081 |  |  | 77,508 |  |  | 58,123 |
Total current provision for income taxes | $ | 207,845 |  |  | $ | 193,575 |  |  | $ | 282,097 |
Deferred: |  |  |  |  |
Federal | $ | 22,173 |  |  | $ | 14,977 |  |  | $ | (37,486 | )
State | 6,376 |  |  | 4,386 |  |  | 4,044 |
Foreign | (21,064 | ) |  | (21,543 | ) |  | (13,095 | )
Total deferred provision (benefit) for income taxes | $ | 7,485 |  |  | $ | (2,180 | ) |  | $ | (46,537 | )
Provision for income taxes | $ | 215,330 |  |  | $ | 191,395 |  |  | $ | 235,560 |
Schedule Of Income from Continuing Operations Before Provision for Income Taxes, Domestic and Foreign | Income taxes have been based on the following components of income from continuing operations before provision for income taxes (in thousands):
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
Domestic | $ | 616,842 |  |  | $ | 562,758 |  |  | $ | 575,148 |
Foreign | 174,180 |  |  | 180,673 |  |  | 191,479 |
Income from continuing operations before provision for income taxes | $ | 791,022 |  |  | $ | 743,431 |  |  | $ | 766,627 |
Schedule Of Effective Income Tax Rate Reconciliation | The U.S. federal statutory rate is reconciled to the effective tax rate as follows:
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
U.S. federal statutory rate | 21.0 | % |  | 21.0 | % |  | 35.0 | %
U.S. federal tax reform - federal deferred tax rate change | — | % |  | — | % |  | (9.5 | )%
U.S. federal tax reform - transition tax on foreign earnings | 0.1 | % |  | (1.3 | )% |  | 6.6 | %
State income taxes, net of state credits and federal tax impact | 3.2 | % |  | 3.5 | % |  | 2.8 | %
Impact of rates on international operations | 1.4 | % |  | 0.9 | % |  | (3.2 | )%
Excess tax benefits from stock-based compensation | (0.3 | )% |  | (0.6 | )% |  | (1.0 | )%
Non-deductible expenses | 0.9 | % |  | 1.6 | % |  | 1.1 | %
Other, net | 0.9 | % |  | 0.6 | % |  | (1.1 | )%
Effective tax rate | 27.2 | % |  | 25.7 | % |  | 30.7 | %
Schedule Of Deferred Tax Assets and Liabilities | The significant components of our deferred tax assets and liabilities are as follows (in thousands):
| December 31,
| 2019 |  | 2018
Deferred Tax Assets: |  |  |
Accrued expenses and reserves | $ | 51,869 |  |  | $ | 60,337 |
Qualified and nonqualified retirement plans | 31,053 |  |  | 20,525 |
Inventory | 12,679 |  |  | 15,474 |
Accounts receivable | 14,025 |  |  | 16,208 |
Interest deduction carryforwards | 25,448 |  |  | 20,392 |
Stock-based compensation | 4,755 |  |  | 4,859 |
Operating lease assets, net | 303,705 |  |  | — |
Net operating loss carryforwards | 16,287 |  |  | 13,222 |
Other | 11,777 |  |  | 12,370 |
Total deferred tax assets, gross | 471,598 |  |  | 163,387 |
Less: valuation allowance | (41,815 | ) |  | (34,779 | )
Total deferred tax assets | $ | 429,783 |  |  | $ | 128,608 |
Deferred Tax Liabilities: |  |  |
Goodwill and other intangible assets | $ | 219,879 |  |  | $ | 216,699 |
Property, plant and equipment | 100,461 |  |  | 87,839 |
Trade name | 108,039 |  |  | 116,615 |
Operating lease liabilities | 292,498 |  |  | — |
Other | 8,916 |  |  | 15,511 |
Total deferred tax liabilities | $ | 729,793 |  |  | $ | 436,664 |
Net deferred tax liability | $ | (300,010 | ) |  | $ | (308,056 | )
Schedule Of Deferred Tax Assets And Liabilities Classification | Deferred tax assets and liabilities are reflected on our Consolidated Balance Sheets as follows (in thousands):
| December 31,
| 2019 |  | 2018
Noncurrent deferred tax assets | $ | 10,119 |  |  | $ | 3,378 |
Noncurrent deferred tax liabilities | 310,129 |  |  | 311,434 |
Schedule Of Unrecognized Tax Benefits Rollforward | A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands):
| 2019 |  | 2018 |  | 2017
Balance at January 1 | $ | 1,237 |  |  | $ | 1,690 |  |  | $ | 2,146 |
Additions for acquired tax positions | 1,376 |  |  | — |  |  | 73 |
Additions based on tax positions related to the current year | 50 |  |  | 5 |  |  | 5 |
Lapse of statutes of limitations | (297 | ) |  | (458 | ) |  | (534 | )
Cumulative translation adjustment | (49 | ) |  | — |  |  | — |
Balance at December 31 | $ | 2,317 |  |  | $ | 1,237 |  |  | $ | 1,690 |

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- 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
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- 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
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- 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
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