XML 60 R44.htm IDEA: XBRL DOCUMENT
v3.20.4

Note 10 - Income Taxes - Level 3 (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Provision [Table Text Block] | The components of our consolidated income tax provision from continuing operations are as follows.
|  | Year Ended December 31,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Current provision (benefit) |  | $ | (16,264) |  |  | $ | 19,522 |  |  | $ | (42,398) |
Deferred provision |  | 102,079 |  |  | 157,162 |  |  | 120,573 |
Total income tax provision |  | $ | 85,815 |  |  | $ | 176,684 |  |  | $ | 78,175 |
Reconciliation of Taxes at Statutory Rate to Provision (Benefit) for Income Taxes [Table Text Block] | The reconciliation of taxes computed at the statutory tax rate of 21% in 2020, 2019 and 2018 to the provision for income taxes is as follows.
|  | Year Ended December 31,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Provision for income taxes computed at the statutory tax rate |  | $ | 100,683 |  |  | $ | 178,289 |  |  | $ | 143,679 |
Change in tax resulting from: |  |  |  |  |  |
Valuation allowance |  | 11,290 |  |  | 1,941 |  |  | (1,856) |
Uncertain tax positions |  | (14,784) |  |  | 1,202 |  |  | 2,589 |
State tax provision (benefit), net of federal impact |  | (9,062) |  |  | (293) |  |  | 5,570 |
Other, net |  | (2,312) |  |  | (4,455) |  |  | 1,778 |
Impact related to settlement of IRS Matter |  | — |  |  | — |  |  | (73,585) |
Provision for income taxes |  | $ | 85,815 |  |  | $ | 176,684 |  |  | $ | 78,175 |
Schedule of Components of Deferred Tax Assets and Liabilities [Table Text Block] | The significant components of our net deferred tax assets and liabilities from continuing operations are summarized as follows.
|  | December 31,
(In thousands) |  | 2020 |  | 2019
Deferred tax assets: |  |  |  |
State income taxes, net of federal impact |  | $ | 75,499 |  |  | $ | 65,917 |
Goodwill and intangibles |  | 32,673 |  |  | 36,282 |
Unearned premiums |  | 27,703 |  |  | 34,394 |
Lease liability |  | 11,214 |  |  | 13,293 |
Accrued expenses |  | 11,140 |  |  | 11,642 |
Share-based compensation |  | 9,291 |  |  | 11,238 |
Deferred policy acquisition and ceding commission costs |  | 7,043 |  |  | 11,190 |
Loss reserves |  | 4,578 |  |  | 1,920 |
Other |  | 8,732 |  |  | 11,188 |
Total deferred tax assets |  | $ | 187,873 |  |  | $ | 197,064 |
|  | December 31,
(In thousands) |  | 2020 |  | 2019
Deferred tax liabilities: |  |  |  |
Contingency reserve |  | $ | 216,122 |  |  | $ | 137,983 |
Net unrealized gain on investments |  | 70,057 |  |  | 29,303 |
Depreciation |  | 13,029 |  |  | 12,803 |
Differences in fair value of financial instruments |  | 9,087 |  |  | 5,708 |
Other |  | 15,747 |  |  | 15,914 |
Total deferred tax liabilities |  | 324,042 |  |  | 201,711 |
Less: Valuation allowance |  | 77,728 |  |  | 66,437 |
Net deferred tax asset (liability) |  | $ | (213,897) |  |  | $ | (71,084) |
Reconciliation of Unrecognized Tax Benefits [Table Text Block] | A reconciliation of the beginning and ending gross unrecognized tax benefits is as follows.
|  | Year Ended December 31,
(In thousands) |  | 2020 |  | 2019
Balance at beginning of period |  | $ | 37,208 |  |  | $ | 33,552 |
Tax positions related to the current year: |  |  |  |
Increases |  | 250 |  |  | 3,215 |
Decreases |  | (1,788) |  |  | — |
Tax positions related to prior years: |  |  |  |
Increases |  | 16,568 |  |  | 441 |
Decreases |  | (171) |  |  | — |
Lapses of applicable statute of limitation |  | (31,818) |  |  | — |
Balance at end of period |  | $ | 20,249 |  |  | $ | 37,208 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for 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 and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration