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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Income/(Loss) before Income Taxes by Geographic Area | Income (loss) before income taxes by geographic area was as follows (in millions):
|  | Years Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Domestic |  | $ | 227.9 |  |  | $ | 192.1 |  |  | $ | 206.6 |
Foreign |  | (0.6 | ) |  | 13.3 |  |  | 12.4 |
Total income (loss) before income taxes |  | $ | 227.3 |  |  | $ | 205.4 |  |  | $ | 219.0 |
Federal, State and Foreign Income Tax Provisions/(Benefits) | Federal, state and foreign income tax (benefits) provisions were as follows (in millions):
|  | Years Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Federal: |  |  |  |  |  |
Current |  | $ | 30.9 |  |  | $ | 35.9 |  |  | $ | 44.9 |
Deferred |  | 16.5 |  |  | 2.6 |  |  | (46.9 | )
State: |  |  |  |  |  |
Current |  | 3.8 |  |  | 4.3 |  |  | 3.8 |
Deferred |  | 4.0 |  |  | 0.9 |  |  | 3.9 |
Foreign: |  |  |  |  |  |
Current |  | 2.3 |  |  | 3.9 |  |  | 2.9 |
Deferred |  | (4.3 | ) |  | — |  |  | (3.0 | )
(Benefit) provision for income taxes |  | $ | 53.3 |  |  | $ | 47.6 |  |  | $ | 5.6 |
Reconciliation of Income Tax Expense due to the U.S. Federal Statutory Corporate Tax Rate | Actual income tax expense differed from income tax expense computed by applying the applicable U.S. federal statutory corporate tax rate of 21.0% in 2019 and 2018 and 35% in 2017 to income before income taxes, as follows (in millions):
|  | Years Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Provision at the U.S. federal statutory rate |  | $ | 47.7 |  |  | $ | 43.1 |  |  | $ | 76.7 |
Increase (decrease) resulting from: |  |  |  |  |  |
State income tax, net of benefit for federal deduction |  | 5.2 |  |  | 3.6 |  |  | 4.5 |
Foreign income tax rate differential |  | 0.9 |  |  | (0.3 | ) |  | (2.4 | )
Tax Credits |  | (1.1 | ) |  | (1.3 | ) |  | (0.9 | )
Changes in valuation allowances |  | (1.7 | ) |  | 3.4 |  |  | 0.6 |
Tax Act - Enactment date effect |  | — |  |  | (0.6 | ) |  | (73.0 | )
Stock-based compensation |  | — |  |  | (0.1 | ) |  | (0.1 | )
Uncertain tax benefits |  | 0.7 |  |  | 0.4 |  |  | 0.8 |
Other |  | 1.6 |  |  | (0.7 | ) |  | (0.5 | )
(Benefit) provision for income taxes |  | $ | 53.3 |  |  | $ | 47.6 |  |  | $ | 5.6 |
Tax Effects of Temporary Differences Representing Deferred Tax Assets/Liabilities | The tax effects of these temporary differences representing deferred tax assets/liabilities resulted principally from the following (in millions):
|  | December 31,
|  | 2019 |  | 2018
Deferred tax assets: |  |  |  |
Loss reserves and accruals |  | $ | 42.8 |  |  | $ | 41.8 |
Interest rate swaps |  | 1.3 |  |  | — |
U.S. state net operating loss (“NOL”) carryforwards |  | 38.2 |  |  | 17.9 |
Depreciation expense |  | — |  |  | 0.4 |
Foreign NOL carryforwards |  | 37.6 |  |  | 37.6 |
Operating lease liabilities |  | 55.5 |  |  | — |
Other |  | 1.5 |  |  | 0.1 |
Deferred tax assets |  | 176.9 |  |  | 97.8 |
Valuation allowance on deferred tax assets |  | (69.7 | ) |  | (52.3 | )
Net deferred tax assets |  | $ | 107.2 |  |  | $ | 45.6 |
Deferred tax liabilities: |  |  |  |
Goodwill and intangible franchise rights |  | $ | (135.1 | ) |  | $ | (123.7 | )
Depreciation expense |  | (68.0 | ) |  | (50.2 | )
Interest rate swaps |  | — |  |  | (2.8 | )
Operating lease ROU assets |  | (45.4 | ) |  | — |
Other |  | — |  |  | (0.1 | )
Deferred tax liabilities |  | (248.5 | ) |  | (176.7 | )
Net deferred tax liability |  | $ | (141.3 | ) |  | $ | (131.1 | )
The classification of the Company’s net deferred tax liability within the Consolidated Balance Sheets is as follows (in millions):
|  | December 31,
|  | 2019 |  | 2018
Deferred tax asset, included in Other long-term assets |  | $ | 4.4 |  |  | $ | 3.6 |
Deferred tax liability, included in Deferred income taxes |  | (145.7 | ) |  | (134.7 | )
Net deferred tax liability |  | $ | (141.3 | ) |  | $ | (131.1 | )
Reconciliation of Unrecognized Tax Benefits | A reconciliation of the Company’s unrecognized tax benefits is as follows (in millions):
| 2019 |  | 2018 |  | 2017
Balance at January 1 | $ | 1.6 |  |  | $ | 1.2 |  |  | $ | — |
Additions for current tax | 1.0 |  |  | 0.6 |  |  | 1.2 |
Additions based on tax positions in prior years | — |  |  | — |  |  | — |
Reductions for tax positions | — |  |  | — |  |  | — |
Settlements with tax authorities | — |  |  | — |  |  | — |
Reductions due to lapse of statutes of limitations | (0.2 | ) |  | (0.1 | ) |  | — |
Balance at December 31 | $ | 2.4 |  |  | $ | 1.6 |  |  | $ | 1.2 |

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