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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
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,
| 2021 |  | 2020 |  | 2019
Income before provision for income taxes: | $ | 1,260.9 |  |  | $ | 549.5 |  |  | $ | 855.9 |
Current provision for income taxes: |  |  |  |  |
Federal | 217.9 |  |  | 53.8 |  |  | 94.1 |
State | 38.6 |  |  | 6.6 |  |  | 18.7 |
| 256.5 |  |  | 60.4 |  |  | 112.8 |
Deferred provision for income taxes: |  |  |  |  |
Federal | 36.7 |  |  | 57.3 |  |  | 70.7 |
State | 7.9 |  |  | 11.0 |  |  | 14.8 |
| 44.6 |  |  | 68.3 |  |  | 85.5 |
Interest and penalties expense: |  |  |  |  |
Interest | 1.5 |  |  | (0.2) |  |  | 1.5 |
Penalties | — |  |  | — |  |  | — |
| 1.5 |  |  | (0.2) |  |  | 1.5 |
Provision for income taxes | $ | 302.6 |  |  | $ | 128.5 |  |  | $ | 199.8 |
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,
| 2021 |  | 2020
Deferred tax assets: |  |  |
Allowance for credit losses | $ | 721.8 |  |  | $ | 801.4 |
Stock-based compensation | 16.3 |  |  | 15.8 |
Deferred state net operating loss | 2.1 |  |  | 4.3 |
Other, net | 10.9 |  |  | 12.3 |
Total deferred tax assets | 751.1 |  |  | 833.8 |
Deferred tax liabilities: |  |  |
Valuation of Loans receivable | 1,169.6 |  |  | 1,208.5 |
Deferred Loan origination costs | 1.6 |  |  | 1.6 |
Other, net | 15.1 |  |  | 14.7 |
Total deferred tax liabilities | 1,186.3 |  |  | 1,224.8 |
Net deferred tax liability | $ | 435.2 |  |  | $ | 391.0 |
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,
| 2021 |  | 2020 |  | 2019
U.S. federal statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes | 3.0 | % |  | 2.7 | % |  | 3.1 | %
Excess tax benefits from stock-based compensation plans | -0.3 | % |  | -0.5 | % |  | -0.9 | %
Other | 0.3 | % |  | 0.2 | % |  | 0.1 | %
Effective income tax rate | 24.0 | % |  | 23.4 | % |  | 23.3 | %
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,
| 2021 |  | 2020 |  | 2019
Unrecognized tax benefits at January 1, | $ | 41.8 |  |  | $ | 41.7 |  |  | $ | 38.7 |
Additions for tax positions of the current year | 13.4 |  |  | 10.2 |  |  | 10.0 |
Additions for tax positions of prior years | 0.9 |  |  | 0.1 |  |  | — |
Reductions for tax positions of prior years | — |  |  | — |  |  | — |
Settlements | — |  |  | (4.6) |  |  | (2.3) |
Reductions as a result of a lapse of the statute of limitations | (6.7) |  |  | (5.6) |  |  | (4.7) |
Unrecognized tax benefits at December 31, | $ | 49.4 |  |  | $ | 41.8 |  |  | $ | 41.7 |

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