v2.4.1.9

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Components Of Income Before Income Taxes

Income (losses) before income taxes consisted of the following:

	Year ended December 31,
	2014				2013				2012
United States	$	329,633			$	249,311			$	224,029
Foreign	(27,994		)		(10,911		)		(17,846		)
Total	$	301,639			$	238,400			$	206,183

Components Of Income Tax Expense (Benefit)

Income tax expense (benefit) from continuing operations consisted of the following for the years ended December 31:

	United States				State and Local				Foreign				Total
2014
Current	$	43,565			$	3,326			$	8,009			$	54,900
Deferred	$	51,581			$	3,979			$	(8,839	)		$	46,721
2013
Current	$	52,118			$	5,176			$	5,255			$	62,549
Deferred	$	31,020			$	1,562			$	(5,029	)		$	27,553
2012
Current	$	48,632			$	3,460			$	18,681			$	70,773
Deferred	$	22,560			$	(1,301	)		$	17,442			$	38,701

Reconciliation Of Provision Of Income Taxes

The reconciliation between the income tax computed by applying the U.S. federal statutory rate and the reported effective tax rate on income from continuing operations is as follows:

	Year ended December 31,
	2014			2013			2012
Federal statutory rate	35.0	%		35.0	%		35.0	%
State income taxes (net of federal income tax benefit)	1.6			1.9			1.0
Foreign income tax rate differential	1.1			0.8			16.8
Revaluation of deferred tax assets for tax rate changes and blending differences, net	(0.1	)		—			(0.5	)
Research and development credit	(0.6	)		—			—
Domestic production exclusions	(4.0	)		—			—
Other	0.7			0.1			0.8
Effective tax rate	33.7	%		37.8	%		53.1	%

Deferred Tax Assets And Liabilities

The tax effects of temporary differences in the recognition of income and expense for tax and financial reporting purposes that give rise to significant portions of the deferred tax assets and the deferred tax liabilities are presented below:

	December 31,
	2014				2013
Deferred assets related to:
Reserve for credit losses	$	5,484			$	4,193
Foreign tax credit	4,399				3,303
Stock-based compensation, net	11,455				9,111
Net operating loss carryforwards	36,768				11,765
Other assets	5,399				4,588
Unrealized losses, primarily related to fuel price derivatives	—				1,862
Intangibles, net	—				52,328
Total	63,505				87,150
Deferred tax liabilities related to:
Unrealized gains, primarily related to fuel price derivatives	15,554				—
Other liabilities	1,540				1,379
Property, equipment and capitalized software	11,159				9,042
Intangibles, net	71,030				—
Total	99,283				10,421
Valuation allowance primarily on net operating loss carryfowards	2,210				1,292
Deferred income taxes, net	$	(37,988	)		$	75,437

Net Deferred Tax Assets By Jurisdiction

Net deferred tax (liabilities) assets by jurisdiction are as follows:

	December 31,
	2014				2013
United States	$	(34,963	)		$	87,940
Australia	(7,078		)		(9,438		)
New Zealand	185				45
The Netherlands	238				89
United Kingdom	5,607				57
Brazil	(1,977		)		(3,256		)
Total	$	(37,988	)		$	75,437

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits excluding interest and penalties is as follows:

	Year ended December 31,
	2014				2013				2012
Beginning balance	$	5,283			$	6,176			$	6,059
Increases related to prior year tax position	—				—				—
(Decreases) increases related to prior year tax positions, due to foreign currency exchange	(427		)		(893		)		117
Ending balance	$	4,856			$	5,283			$	6,176

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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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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 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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