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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Provision for Federal and Foreign Income Tax Expense for Continuing Operations | The Company’s provision for federal and foreign income tax expense for continuing operations consisted of the following:
|  | Year Ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
Income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 274,756 |  |  | $ | 280,535 |  |  | $ | 289,727 |
Foreign |  |  | 85,890 |  |  |  | 64,842 |  |  |  | 21,007 |
Total |  | $ | 360,646 |  |  | $ | 345,377 |  |  | $ | 310,734 |
Current and Deferred Income Taxes | Current and deferred income taxes were as follows:
|  | Year Ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 65,303 |  |  | $ | 54,435 |  |  | $ | 46,826 |
Foreign |  |  | 32,047 |  |  |  | 29,306 |  |  |  | 11,822 |
State |  |  | 11,936 |  |  |  | 10,632 |  |  |  | 13,594 |
Total current expense |  | $ | 109,286 |  |  | $ | 94,373 |  |  | $ | 72,242 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (13,667 | ) |  | $ | (14,046 | ) |  | $ | 27,055 |
Foreign |  |  | 1,674 |  |  |  | (4,270 | ) |  |  | (6,166 | )
State |  |  | 6,526 |  |  |  | 3,301 |  |  |  | 2,298 |
Total deferred taxes |  | $ | (5,467 | ) |  | $ | (15,015 | ) |  | $ | 23,187 |
Income taxes |  | $ | 103,819 |  |  | $ | 79,358 |  |  | $ | 95,429 |
Reconciliation Between Income Tax Expense and Taxes Computed | A reconciliation between income tax expense and taxes computed by applying the applicable statutory federal income tax rate to income before income taxes follows:
|  | Year Ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
Computed statutory tax expense |  | $ | 126,226 |  |  | $ | 120,882 |  |  | $ | 65,254 |
Foreign inflation adjustments |  |  | (281 | ) |  | — |  |  | — |
State and local income taxes, net of federal income tax impact |  |  | 11,999 |  |  |  | 12,786 |  |  |  | 12,611 |
Foreign losses not benefited and changes in valuation allowance |  |  | (34,757 | ) |  |  | 249 |  |  |  | 822 |
Foreign tax rate differential |  |  | (942 | ) |  |  | (245 | ) |  |  | 2,235 |
Foreign dividends |  |  | 68,684 |  |  |  | 13,662 |  |  |  | - |
Foreign tax credits |  |  | (62,815 | ) |  |  | (21,647 | ) |  |  | 3,927 |
Impacts related to 2017 Tax Act (1)(2) |  | — |  |  |  | (44,889 | ) |  |  | 19,180 |
Changes in uncertain tax positions |  |  | 921 |  |  |  | 983 |  |  |  | (6,139 | )
Other — net |  |  | (5,216 | ) |  |  | (2,423 | ) |  |  | (2,461 | )
Income taxes |  | $ | 103,819 |  |  | $ | 79,358 |  |  | $ | 95,429 |
(1) | The amount for the year ended December 31, 2018 includes a one-time charge to true-up deferred taxes of $1,913 and a reduction in deferred tax assets with regard to foreign tax credit carryforwards of $17,267.
(2) | The amount for the year ended December 31, 2017 includes a one-time benefit due to re-measurement of net deferred tax liabilities using a lower U.S. corporate tax rate and a reassessment of permanently reinvested earnings of ($79,834), a deemed repatriation tax of $14,512, and a reduction in deferred tax assets with regard to foreign tax credit carryforwards of $20,433.
Tax Effects of Significant Temporary Differences and Tax Loss and Tax Credit Carryforwards | The tax effects of significant temporary differences and tax loss and tax credit carryforwards comprising the net long-term deferred income tax liabilities as of December 31, 2017 and 2018 consisted of the following:
|  | December 31, |
|  | 2017 |  |  | 2018 |
Deferred liabilities: |  |  |  |  |  |  |  |
Theatre properties and equipment |  | $ | 147,208 |  |  | $ | 158,797 |
Intangible asset — other |  |  | 30,770 |  |  |  | 33,561 |
Intangible asset — tradenames |  |  | 72,967 |  |  |  | 73,261 |
Investment in partnerships |  |  | 67,449 |  |  |  | 63,217 |
Total deferred liabilities |  |  | 318,394 |  |  |  | 328,836 |
Deferred assets: |  |  |  |  |  |  |  |
Deferred lease expenses |  |  | 14,714 |  |  |  | 13,464 |
Exchange loss |  |  | 220 |  |  |  | 1,306 |
Deferred revenue - NCM |  |  | 85,816 |  |  |  | 70,688 |
Capital lease obligations |  |  | 67,369 |  |  |  | 63,895 |
Tax impact of items in accumulated other comprehensive income |  |  | — |  |  |  | 2,237 |
Other tax loss carryforwards |  |  | 15,564 |  |  |  | 15,608 |
Other tax credit carryforwards |  |  | 38,436 |  |  |  | 42,989 |
Other expenses, not currently deductible for tax purposes |  |  | 13,801 |  |  |  | 26,776 |
Total deferred assets |  |  | 235,920 |  |  |  | 236,963 |
Net deferred income tax liability before valuation allowance |  |  | 82,474 |  |  |  | 91,873 |
Valuation allowance against deferred assets – non-current |  |  | 35,246 |  |  |  | 54,725 |
Net deferred income tax liability |  | $ | 117,720 |  |  | $ | 146,598 |
Net deferred tax (asset) liability — Foreign |  | $ | 3,073 |  |  | $ | (5,449 | )
Net deferred tax liability — U.S. |  |  | 114,647 |  |  |  | 152,047 |
Total |  | $ | 117,720 |  |  | $ | 146,598 |
Reconciliation of Total Amounts of Unrecognized Tax Benefits Excluding Interest and Penalties | The following is a reconciliation of the total amounts of unrecognized tax benefits excluding interest and penalties, for the years ended December 31, 2016, 2017 and 2018:
|  | Year Ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
Balance at January 1, |  | $ | 17,133 |  |  | $ | 17,403 |  |  | $ | 18,266 |
Gross increases - tax positions in prior periods |  |  | 13 |  |  |  | 92 |  |  | — |
Gross decreases - tax positions in prior periods |  | — |  |  |  | (12 | ) |  |  | (143 | )
Gross increases - current period tax positions |  |  | 923 |  |  |  | 265 |  |  |  | 424 |
Settlements |  |  | (924 | ) |  |  | (177 | ) |  |  | (7,191 | )
Foreign currency translation adjustments |  |  | 258 |  |  |  | 695 |  |  |  | (795 | )
Balance at December 31, |  | $ | 17,403 |  |  | $ | 18,266 |  |  | $ | 10,561 |

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