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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Components of the provision for income taxes and the income to which it relates for the years ended December 31, 2017, 2016 and 2015 consist of the following (in thousands):
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Income before income taxes (1): |  |  |  |  |
Domestic | $ | 93,365 |  |  | $ | 30,804 |  |  | $ | 27,599 |
Foreign | 78,947 |  |  | 62,643 |  |  | 60,082 |
Income before income taxes | $ | 172,312 |  |  | $ | 93,447 |  |  | $ | 87,681 |
Current income taxes: |  |  |  |  |
Federal (2) | $ | 15,995 |  |  | $ | 1,419 |  |  | $ | 7,933 |
Foreign | 23,340 |  |  | 18,787 |  |  | 18,763 |
State and local | 968 |  |  | 1,139 |  |  | 705 |
Current provision for income taxes | 40,303 |  |  | 21,345 |  |  | 27,401 |
Deferred provision (benefit) for income taxes: |  |  |  |  |
Federal (3) | (11,509 | ) |  | 11,826 |  |  | 931 |
Foreign | (1,079 | ) |  | (528 | ) |  | (1,414 | )
State and local | 705 |  |  | 677 |  |  | 53 |
Total deferred provision (benefit) for income taxes | (11,883 | ) |  | 11,975 |  |  | (430 | )
Provision for income taxes | $ | 28,420 |  |  | $ | 33,320 |  |  | $ | 26,971 |
(1) | Includes the allocation of certain administrative expenses and the payment of royalties between domestic and foreign subsidiaries.
(2) | The year ended December 31, 2017 includes an estimated $1.9 million income tax expense relating to the one-time mandatory tax on previously deferred earnings of the Company’s foreign subsidiaries as a result of the Tax Act.
(3) | The year ended December 31, 2017 includes an estimated $29.2 million income tax benefit resulting from the remeasurement of the Company’s domestic net deferred tax liabilities based on the new lower corporate income tax rate as a result of the Tax Act.
Schedule of Deferred Tax Assets and Liabilities | The principal deferred tax assets and liabilities consist of the following at December 31, 2017 and 2016 (in thousands):
| December 31,
| 2017 |  | 2016
Deferred tax assets: |  |  |
Property and equipment in foreign jurisdictions | $ | 6,752 |  |  | $ | 5,604 |
Accrued fees on forfeited pawn loans | 7,002 |  |  | 8,221 |
Deferred cost of goods sold deduction | 2,058 |  |  | 1,674 |
Cash America nonqualified savings plan (see Note 15) | — |  |  | 4,685 |
Accrued compensation and employee benefits | 1,749 |  |  | 3,626 |
Accrued Merger severance and retention | — |  |  | 2,718 |
State net operating losses (1) | 6,219 |  |  | — |
Other | 5,459 |  |  | 8,024 |
Total deferred tax assets | 29,239 |  |  | 34,552 |
Deferred tax liabilities: |  |  |
Intangible assets | 55,121 |  |  | 75,998 |
Property and equipment in domestic jurisdictions | 1,054 |  |  | 7,716 |
Other | 2,645 |  |  | 2,406 |
Total deferred tax liabilities | 58,820 |  |  | 86,120 |
Net deferred tax liabilities before valuation allowance | (29,581 | ) |  | (51,568 | )
Valuation allowance (1) | (6,219 | ) |  | — |
Net deferred tax liabilities | $ | (35,800 | ) |  | $ | (51,568 | )
Reported as: |  |  |
Deferred tax assets | $ | 11,237 |  |  | $ | 9,707 |
Deferred tax liabilities | (47,037 | ) |  | (61,275 | )
Net deferred tax liabilities | $ | (35,800 | ) |  | $ | (51,568 | )
Schedule of Effective Income Tax Rate Reconciliation | The effective rate on net income differs from the U.S. federal statutory rate of 35%. The following is a reconciliation of such differences (dollars in thousands):
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Tax at the U.S. federal statutory rate | $ | 60,309 |  |  | $ | 32,706 |  |  | $ | 30,688 |
State income taxes, net of federal tax benefit of $586, $636 and $265, respectively | 1,087 |  |  | 1,181 |  |  | 493 |
Rate benefit from foreign earnings (1) | (5,442 | ) |  | (3,642 | ) |  | (3,531 | )
Net tax benefit resulting from the enactment of the Tax Act | (27,269 | ) |  | — |  |  | — |
Nondeductible transaction related costs | — |  |  | 2,659 |  |  | — |
Other taxes and adjustments, net | (265 | ) |  | 416 |  |  | (679 | )
Provision for income taxes | $ | 28,420 |  |  | $ | 33,320 |  |  | $ | 26,971 |
Effective tax rate | 16.5 | % |  | 35.7 | % |  | 30.8 | %

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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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -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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