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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Components of earnings from continuing operations before income taxes | The components of earnings from continuing operations before income taxes and the provision for income taxes from continuing operations were as follows:
|  | Years ended December 31,
|  | 2016 |  | 2015 |  | 2014
|  | (In thousands)
Earnings from continuing operations before income taxes: |  |  |  |  |  |
United States |  | $ | 344,614 |  |  | 408,757 |  |  | 275,630 |
Foreign |  | 61,767 |  |  | 60,458 |  |  | 62,637 |
Total |  | $ | 406,381 |  |  | 469,215 |  |  | 338,267 |
Current tax expense (benefit) from continuing operations: |  |  |  |  |  |
Federal (1) |  | $ | 2,731 |  |  | (1,836 | ) |  | (230 | )
State (1) |  | 7,713 |  |  | 5,748 |  |  | 6,396 |
Foreign |  | 6,411 |  |  | 5,272 |  |  | 7,163 |
|  | 16,855 |  |  | 9,184 |  |  | 13,329 |
Deferred tax expense from continuing operations: |  |  |  |  |  |
Federal |  | 106,513 |  |  | 135,585 |  |  | 90,056 |
State |  | 16,259 |  |  | 20,111 |  |  | 12,429 |
Foreign |  | 2,114 |  |  | (1,654 | ) |  | 2,228 |
|  | 124,886 |  |  | 154,042 |  |  | 104,713 |
Provision for income taxes from continuing operations |  | $ | 141,741 |  |  | 163,226 |  |  | 118,042 |
______________
(1) | Excludes federal and state tax benefits resulting from the exercise of stock options and vesting of restricted stock awards, which were credited directly to “Additional paid-in capital” for years ended December 31, 2015 and 2014.
Reconciliation of federal statutory tax rate with effective tax rate from continuing operations | A reconciliation of the federal statutory tax rate with the effective tax rate from continuing operations follows:
|  | Years ended December 31,
|  | 2016 |  | 2015 |  | 2014
|  | (Percentage of pre-tax earnings)
Federal statutory tax rate |  | 35.0 |  |  | 35.0 |  |  | 35.0 |
Impact on deferred taxes for changes in tax rates |  | (0.7 | ) |  | (0.9 | ) |  | (0.9 | )
State income taxes, net of federal income tax benefit |  | 5.0 |  |  | 5.0 |  |  | 5.2 |
Foreign rates varying from federal statutory tax rate |  | (3.3 | ) |  | (3.3 | ) |  | (3.7 | )
Tax reviews and audits |  | (0.7 | ) |  | (1.3 | ) |  | (1.1 | )
Other, net |  | (0.4 | ) |  | 0.3 |  |  | 0.4 |
Effective tax rate |  | 34.9 |  |  | 34.8 |  |  | 34.9 |
Summary of the increases (decreases) to net earnings from continuing operations from changes in tax laws | The following provides a summary of the increases to net earnings from continuing operations from changes in tax laws by tax jurisdiction:
Tax Jurisdiction |  | Enactment Date |  | Net Earnings
|  |  |  | (in thousands)
2016 |  |  |  |
North Carolina |  | August 4, 2016 |  | $585
2015 |  |  |  |
Connecticut |  | June 30, 2015 |  | $1,616
Other Jurisdictions |  | April 13, 2015 - November 18, 2015 |  | $497
2014 |  |  |  |
New York |  | March 31, 2014 |  | $1,776
Rhode Island |  | June 19, 2014 |  | $626
Components of net deferred income tax liability | The components of the net deferred income tax liability were as follows:
|  | December 31,
|  | 2016 |  | 2015
|  | (In thousands)
Deferred income tax assets: |  |  |  |
Self-insurance accruals |  | $ | 107,252 |  |  | 93,352 |
Net operating loss carryforwards |  | 396,313 |  |  | 429,458 |
Alternative minimum taxes |  | 13,901 |  |  | 10,727 |
Accrued compensation and benefits |  | 81,454 |  |  | 76,363 |
Federal benefit on state tax positions |  | 19,247 |  |  | 18,912 |
Pension benefits |  | 162,141 |  |  | 148,671 |
Miscellaneous other accruals |  | 28,313 |  |  | 32,763 |
|  | 808,621 |  |  | 810,246 |
Valuation allowance |  | (16,387 | ) |  | (14,991 | )
|  | 792,234 |  |  | 795,255 |
Deferred income tax liabilities: |  |  |  |
Property and equipment basis difference |  | (2,451,151 | ) |  | (2,362,194 | )
Other |  | (20,735 | ) |  | (20,583 | )
|  | (2,471,886 | ) |  | (2,382,777 | )
Net deferred income tax liability (1) |  | $ | (1,679,652 | ) |  | (1,587,522 | )
______________
(1) | Deferred tax assets of $9 million have been included in "Direct financing leases and other assets" at December 31, 2016.
Summary of activity related to unrecognized tax benefits | The following table summarizes the activity related to unrecognized tax benefits (excluding the federal benefit received from state positions):
|  | December 31,
|  | 2016 |  | 2015 |  | 2014
|  | (In thousands)
Balance at January 1 |  | $ | 60,740 |  |  | 60,482 |  |  | 56,813 |
Additions based on tax positions related to the current year |  | 3,855 |  |  | 4,220 |  |  | 6,896 |
Reductions due to lapse of applicable statutes of limitation |  | (2,946 | ) |  | (3,962 | ) |  | (3,227 | )
Gross balance at December 31 |  | 61,649 |  |  | 60,740 |  |  | 60,482 |
Interest and penalties |  | 5,219 |  |  | 4,912 |  |  | 5,125 |
Balance at December 31 |  | $ | 66,868 |  |  | 65,652 |  |  | 65,607 |

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