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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Components of Income Tax Provision | Income Tax Provision consisted of the following expense/(benefit) components for the years ended December 31:
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Current: |  |  |  |  |  |
Federal |  | $ | 67,745 |  |  | $ | 54,447 |  |  | $ | 106,710 |
State |  | 10,158 |  |  | 7,359 |  |  | 9,446 |
Foreign |  | 2,791 |  |  | (188 | ) |  | 217 |
Total Current |  | 80,694 |  |  | 61,618 |  |  | 116,373 |
Deferred: |  |  |  |  |  |
Federal |  | 6,395 |  |  | 7,616 |  |  | (59,517 | )
State |  | 1,427 |  |  | 1,750 |  |  | 638 |
Foreign |  | (370 | ) |  | 2,891 |  |  | (393 | )
Total Deferred |  | 7,452 |  |  | 12,257 |  |  | (59,272 | )
Total |  | $ | 88,146 |  |  | $ | 73,875 |  |  | $ | 57,101 |
Effective Income Tax Rate Reconciliation | The reconciliation between the statutory income tax rate and the effective tax rate consisted of the following for the years ended December 31:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Expected Federal Statutory Income Tax Rate |  | 21.0 | % |  | 21.0 | % |  | 35.0 | %
Increase/(Decrease): |  |  |  |  |  |
State and Local Income Taxes, net of Federal Benefit |  | 2.4 |  |  | 2.4 |  |  | 1.9 |
Non-Deductible Executive Compensation |  | 0.9 |  |  | 1.1 |  |  | 0.0 |
Federal Rate Adjustment to Deferred Taxes 1 |  | 0.0 |  |  | 0.0 |  |  | (20.2 | )
Other |  | (0.2 | ) |  | 0.4 |  |  | (0.5 | )
Effective Tax Rate |  | 24.1 | % |  | 24.9 | % |  | 16.2 | %
1 Represents the impact of revaluing the net deferred tax liability due to the enactment of the Tax Act, and includes the federal tax benefit of any state and local deferred taxes.
Deferred Tax Assets and Liabilities | The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities consisted of the following at December 31:
(in thousands) |  | 2019 |  |  | 2018 |
Deferred Tax Assets |  |  |  |  |  |
Tax Net Operating Loss Carryforwards |  | $ | 71,724 |  |  | $ | 74,213 |
Compensation Related |  | 15,994 |  |  | 12,514 |
Other |  | 2,897 |  |  | 2,553 |
Total Deferred Tax Assets |  | 90,615 |  |  | 89,280 |
Valuation Allowance |  | (57,790 | ) |  | (56,925 | )
Total Deferred Tax Asset, net of Valuation Allowance |  | $ | 32,825 |  |  | $ | 32,355 |
Deferred Tax Liabilities |  |  |  |
Intangible Assets |  | $ | 191,595 |  |  | $ | 174,812 |
Property and Equipment |  | 5,493 |  |  | 4,646 |
Other |  | 1,119 |  |  | 1,061 |
Total Gross Deferred Tax Liability |  | $ | 198,207 |  |  | $ | 180,519 |
Net Deferred Tax Liability |  | $ | 165,382 |  |  | $ | 148,164 |

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- 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
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