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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule Of Income Tax Provision

The income tax provision consists of the following:

(In millions)	For the Years Ended December 31,
	2017				2016				2015
Income before provision for income taxes:	$	583.8			$	531.2			$	474.5
Current provision for income taxes:
Federal	184.6				157.2				127.9
State	13.5				15.8				10.6
	198.1				173.0				138.5
Deferred provision for income taxes:
Federal	(88.4		)		22.4				33.7
State	2.7				1.8				1.9
	(85.7		)		24.2				35.6
Interest and penalties expense:
Interest	1.2				1.2				0.7
Penalties	—				—				—
	1.2				1.2				0.7
Provision for income taxes	$	113.6			$	198.4			$	174.8

Schedule Of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities consist of the following:

(In millions)	As of December 31,
	2017				2016
Deferred tax assets:
Allowance for credit losses	$	100.4			$	118.2
Stock-based compensation	14.3				18.3
Deferred state net operating loss	8.1				6.5
Other, net	4.0				11.6
Deferred tax assets before valuation allowance	126.8				154.6
Less: valuation allowance	(5.5		)		—
Total deferred tax assets	121.3				154.6
Deferred tax liabilities:
Valuation of Loans receivable	300.4				417.8
Deferred Loan origination costs	1.5				2.5
Other, net	6.8				7.4
Total deferred tax liabilities	308.7				427.7
Net deferred tax liability	$	187.4			$	273.1

Schedule Of Reconciliation Of The U.S. Federal Statutory Rate To Effective Tax Rate

A reconciliation of the U.S. federal statutory income tax rate to our effective income tax rate is as follows:

	For the Years Ended December 31,
	2017			2016			2015
U.S. federal statutory income tax rate	35.0	%		35.0	%		35.0	%
Effect of the 2017 Act	-17.1	%		—	%		—	%
State income taxes	1.7	%		2.0	%		1.6	%
Excess tax benefits from stock-based compensation plans	-0.4	%		—	%		—	%
Other	0.3	%		0.3	%		0.2	%
Effective income tax rate	19.5	%		37.3	%		36.8	%

Schedule Of Unrecognized Tax Benefits

The following table is a summary of changes in gross unrecognized tax benefits:

(In millions)	For the Years Ended December 31,
	2017				2016				2015
Unrecognized tax benefits at January 1,	$	27.7			$	21.8			$	16.6
Additions for tax positions of the current year	6.7				8.2				7.4
Additions for tax positions of prior years	0.3				—				—
Reductions for tax positions of prior years	(0.4		)		—				—
Reductions as a result of a lapse of the statute of limitations	(2.4		)		(2.3		)		(2.2		)
Unrecognized tax benefits at December 31,	$	31.9			$	27.7			$	21.8

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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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-Publisher FASB
-Name Accounting Standards Codification
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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 the change in unrecognized tax benefits.

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