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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

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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
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Tabular disclosure of the change in unrecognized tax benefits.

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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

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