XML 48 R34.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of Provision for (Benefits from) Income Taxes from Continuing Operations | The provision for (benefit from) income taxes from continuing operations for the years ended December 31, 2017, 2016 and 2015 consists of the following (dollars in thousands):
|  | For the Year Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Current provision (benefit) |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | - |  |  | $ | (364 | )
State and local |  |  | 1,870 |  |  |  | 704 |  |  |  | (2,279 | )
Total current provision (benefit) |  |  | 1,870 |  |  |  | 704 |  |  |  | (2,643 | )
Deferred provision (benefit) |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 67,936 |  |  |  | (16,247 | ) |  |  | (126,465 | )
State and local |  |  | (2,681 | ) |  |  | (1,007 | ) |  |  | (18,346 | )
Total deferred provision (benefit) |  |  | 65,255 |  |  |  | (17,254 | ) |  |  | (144,811 | )
Total provision for (benefit from) income taxes |  | $ | 67,125 |  |  | $ | (16,550 | ) |  | $ | (147,454 | )
Schedule of Reconciliation of the Statutory U.S. Federal Income Tax Rate to Effective Income Tax Rate for Continuing Operations | A reconciliation of the statutory U.S. federal income tax rate to our effective income tax rate for continuing operations for the years ended December 31, 2017, 2016 and 2015 is as follows:
|  | For the Year Ended December 31, |  |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |
Statutory U.S. federal income tax rate |  |  | 35.0 |  | % |  | (35.0 | ) | % |  | (35.0 | ) | %
State and local income taxes |  |  | 2.3 |  |  |  | (3.4 | ) |  |  | (2.7 | ) |
Stock-based compensation |  |  | 3.2 |  |  |  | - |  |  |  | - |  |
Valuation allowance |  |  | 0.3 |  |  |  | 0.5 |  |  |  | 0.6 |  |
Valuation allowance release |  |  | - |  |  |  | - |  |  |  | (116.3 | ) |
Federal audit settlement |  |  | - |  |  |  | (6.7 | ) |  |  | - |  |
State audit settlement |  |  | (4.6 | ) |  |  | - |  |  |  | - |  |
Federal income tax rate change |  |  | 145.3 |  |  |  | - |  |  |  | - |  |
Worthless stock |  |  | - |  |  |  | (11.9 | ) |  |  | - |  |
Tax credits |  |  | (0.7 | ) |  |  | (0.4 | ) |  |  | (0.2 | ) |
Other |  |  | 4.4 |  |  |  | 4.1 |  |  |  | (2.5 | ) |
Effective income tax rate |  |  | 185.2 |  | % |  | (52.8 | ) | % |  | (156.1 | ) | %
Schedule of Reconciliation of the Beginning and Ending Amount of Gross Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits as of December 31, 2017, 2016 and 2015 is as follows (dollars in thousands):
|  | 2017 |  |  | 2016 |  |  | 2015 |
Gross unrecognized tax benefits, beginning of the year |  | $ | 8,132 |  |  | $ | 7,737 |  |  | $ | 9,318 |
Additions for tax positions of prior years |  |  | 24 |  |  |  | 263 |  |  |  | 19 |
Reductions for tax positions of prior years |  |  | - |  |  |  | - |  |  |  | (20 | )
Additions for tax positions related to the current year |  |  | 1,625 |  |  |  | 1,247 |  |  |  | 864 |
Reductions due to settlements |  |  | - |  |  |  | - |  |  |  | - |
Reductions due to lapse of applicable statute of limitations |  |  | (1,217 | ) |  |  | (1,115 | ) |  |  | (2,444 | )
Subtotal |  |  | 8,564 |  |  |  | 8,132 |  |  |  | 7,737 |
Interest and penalties |  |  | 1,909 |  |  |  | 2,008 |  |  |  | 1,986 |
Total gross unrecognized tax benefits, end of the year |  | $ | 10,473 |  |  | $ | 10,140 |  |  | $ | 9,723 |
Schedule of Components of Deferred Income Tax Assets and Liabilities for Continuing Operation | Components of deferred income tax assets and liabilities for continuing operations as of December 31, 2017 and 2016 are as follows (dollars in thousands):
|  | December 31, |
|  | 2017 |  |  | 2016 |
Deferred income tax assets: |  |  |  |  |  |  |  |
Accrued occupancy |  | $ | 5,133 |  |  | $ | 12,973 |
Deferred rent obligations |  |  | 1,746 |  |  |  | 6,232 |
Foreign tax credits |  |  | 32,998 |  |  |  | 32,998 |
Valuation allowance foreign tax credits |  |  | (32,998 | ) |  |  | (32,998 | )
Compensation and employee benefits |  |  | 8,520 |  |  |  | 15,349 |
Tax net operating loss carry forwards |  |  | 71,911 |  |  |  | 74,315 |
Valuation allowance |  |  | (14,561 | ) |  |  | (12,415 | )
Allowance for doubtful accounts |  |  | 2,943 |  |  |  | 4,773 |
Covenant not-to-compete |  |  | 3 |  |  |  | 7 |
Accrued settlements and legal |  |  | 2,065 |  |  |  | 13,231 |
Deferred compensation |  |  | 890 |  |  |  | 1,223 |
Accrued restructuring and severance |  |  | 394 |  |  |  | 2,561 |
Equity method for investments |  |  | 394 |  |  |  | 669 |
General business tax credits |  |  | 1,192 |  |  |  | 903 |
Illinois edge credits |  |  | 2,960 |  |  |  | 4,335 |
Valuation allowance edge credits |  |  | (2,960 | ) |  |  | (4,335 | )
Depreciation and amortization |  |  | 18,223 |  |  |  | 40,960 |
Other |  |  | 491 |  |  |  | 797 |
Total deferred income tax assets |  |  | 99,344 |  |  |  | 161,578 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |
Other |  |  | 1,260 |  |  |  | 3,306 |
Total deferred income tax liabilities |  |  | 1,260 |  |  |  | 3,306 |
Net deferred income tax assets |  | $ | 98,084 |  |  | $ | 158,272 |

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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -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 of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=96868398&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -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 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration