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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes from Continuing Operations

The provision for income taxes from continuing operations for the years ended December 31, 2019, 2018 and 2017 consists of the following (dollars in thousands):  

		For the Year Ended December 31,
		2019				2018				2017
Current provision
State and local		$	754			$	524			$	1,870
Total current provision			754				524				1,870
Deferred provision
Federal			19,230				16,144				67,936
State and local			2,444				1,893				(2,681	)
Total deferred provision			21,674				18,037				65,255
Total provision for income taxes		$	22,428			$	18,561			$	67,125

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, 2019, 2018 and 2017 is as follows:

		For the Year Ended December 31,
		2019				2018				2017
Statutory U.S. federal income tax rate			21.0		%		21.0		%		35.0		%
State and local income taxes			2.7				3.1				2.3
Stock-based compensation			(1.3	)			(1.4	)			3.2
Valuation allowance			-				-				0.3
Legal settlement			-				1.4				-
State audit settlement			(0.5	)			0.1				(4.6	)
Federal income tax rate change			-				-				145.3
Tax credits			(0.1	)			(0.2	)			(0.7	)
Other			2.3				1.0				4.4
Effective income tax rate			24.1		%		25.0		%		185.2		%

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, 2019, 2018 and 2017 is as follows (dollars in thousands):

		2019				2018				2017
Gross unrecognized tax benefits, beginning of the year		$	9,009			$	8,564			$	8,132
Additions for tax positions of prior years			-				5				24
Additions for tax positions related to the current year			1,957				1,839				1,625
Reductions for tax positions of prior years			(58	)			-				-
Reductions due to lapse of applicable statute of limitations			(1,049	)			(1,399	)			(1,217	)
Subtotal			9,859				9,009				8,564
Interest and penalties			1,901				1,862				1,909
Total gross unrecognized tax benefits, end of the year		$	11,760			$	10,871			$	10,473

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, 2019 and 2018 are as follows (dollars in thousands):

		December 31,
		2019				2018
Deferred income tax assets:
Accrued occupancy		$	15,814			$	2,871
Deferred rent obligations			-				1,382
Foreign tax credits			32,998				32,998
Valuation allowance foreign tax credits			(32,998	)			(32,998	)
Compensation and employee benefits			7,402				7,038
Tax net operating loss carry forwards			45,130				66,319
Valuation allowance			(12,001	)			(13,656	)
Allowance for doubtful accounts			4,547				3,388
Covenant not-to-compete			-				2
Accrued settlements and legal			1,728				252
Deferred compensation			-				494
Accrued restructuring and severance			347				156
Equity method for investments			525				525
General business tax credits			1,511				1,292
Illinois edge credits			-				1,383
Valuation allowance edge credits			-				(1,383	)
Depreciation			-				2,453
Amortization			7,633				9,950
Other			1,110				331
Total deferred income tax assets			73,746				82,797
Deferred income tax liabilities:
Depreciation			153				-
Right of use asset, net			12,037				-
Other			1,387				1,169
Total deferred income tax liabilities			13,577				1,169
Net deferred income tax assets		$	60,169			$	81,628

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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.

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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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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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