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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income before income taxes by geographic area

Income/(loss) before income taxes by geographic area was as follows:

		Year Ended December 31,
		2016				2015				2014
		(In thousands)
Domestic		$	222,178			$	231,798			$	174,964
Foreign		5,193				(49,627		)		(10,564		)
Total income before income taxes		$	227,371			$	182,171			$	164,400

Federal, state and foreign income taxes

Federal, state and foreign income tax provisions/(benefits) were as follows:

		Year Ended December 31,
		2016				2015				2014
		(In thousands)
Federal:
Current		$	57,321			$	66,973			$	49,590
Deferred		18,704				15,528				22,549
State:
Current		4,636				5,165				4,849
Deferred		1,878				1,768				727
Foreign:
Current		4,187				4,150				4,638
Deferred		(6,420		)		(5,412		)		(10,957		)
Provision for income taxes		$	80,306			$	88,172			$	71,396

Difference between the income tax computation by the company and the statutory body

Actual income tax expense differed from income tax expense computed by applying the U.S. federal statutory corporate tax rate of 35% to income before income taxes in 2016, 2015 and 2014 as follows:

		Year Ended December 31,
		2016				2015				2014
		(In thousands)
Provision at the U.S. federal statutory rate		$	79,580			$	63,760			$	57,540
Increase (decrease) resulting from:
State income tax, net of benefit for federal deduction		4,230				4,448				5,267
Foreign income tax rate differential		(2,799		)		(2,002		)		(3,188		)
Employment credits		(821		)		(407		)		(481		)
Changes in valuation allowances		749				14,667				9,507
Non-deductible goodwill		34				4,651				—
Deductible goodwill		—				—				(10,209		)
Stock-based compensation		368				386				245
Convertible debt redemption		—				—				9,727
Other		(1,035		)		2,669				2,988
Provision for income taxes		$	80,306			$	88,172			$	71,396

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of these temporary differences representing deferred tax assets/liabilities resulted principally from the following:

		December 31,
		2016				2015
		(In thousands)
Deferred tax assets:
Loss reserves and accruals		$	59,884			$	53,747
Interest rate swaps		5,598				11,671
Goodwill and intangible franchise rights		5,907				7,621
U.S. state net operating loss (“NOL”) carryforwards		16,848				17,413
Depreciation expense		775				—
Foreign NOL carryforwards		34,946				20,408
Deferred tax assets		123,958				110,860
Valuation allowance on deferred tax assets		(53,946		)		(46,547		)
Net deferred tax assets		$	70,012			$	64,313
Deferred tax liabilities:
Goodwill and intangible franchise rights		$	(160,439	)		$	(143,509	)
Depreciation expense		(64,465		)		(53,619		)
Deferred gain on bond redemption		(1,023		)		(1,535		)
Other		(3,317		)		(1,060		)
Deferred tax liabilities		(229,244		)		(199,723		)
Net deferred tax liability		$	(159,232	)		$	(135,410	)

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
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