XML 70 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Reconciliation of Effective Tax Rate to Federal Statutory Tax Rate

The following is a reconciliation of our effective tax rate to the federal statutory tax rate:

	Years Ended December 31,
	2019				2018				2017
U.S. federal statutory rate		21.0		%		21.0		%		34.9		%
Federal tax law changes		0.0				0.5				(112.2	)
State taxes, net of federal benefit		3.5				3.7				2.8
Federal and state incentives		(0.9	)			(0.9	)			(7.0	)
State law changes		0.7				-				2.0
Permanent differences		1.2				0.6				0.2
Net effective rate		25.5		%		24.9		%		(79.3	)	%

Summary of Provision for Income Taxes

The following is a summary of our provision for income taxes (in thousands):

	Years Ended December 31,
	2019				2018				2017
Current
Federal	$	31,209			$	(13,750	)		$	(10,426	)
State and local		3,979				1,740				1,542
Foreign		84				(234	)			59
		35,272				(12,244	)			(8,825	)
Deferred
Federal		(344	)			36,968				(46,922	)
State and local		1,788				4,134				2,667
Foreign		(17	)			206				(3	)
		1,427				41,308				(44,258	)
Total provision	$	36,699			$	29,064			$	(53,083	)

Summary of Deferred Tax Assets and Liabilities

The following is a summary of our deferred tax assets and liabilities (in thousands)

	December 31,
	2019				2018
Accrued compensation		13,153				10,538
Other reserves		10,297				8,568
Tax credit carryforwards		6,669				5,062
Operating loss carryforwards		4,879				6,914
Lease accounting liability		10,195				-
Total gross deferred income taxes		45,193				31,082
Valuation allowances		(4,713	)			(3,128	)
Total deferred tax assets		40,480				27,954
Prepaids		(4,774	)			(5,409	)
Other receivables		(656	)			(1,588	)
Property and equipment		(124,964	)			(119,716	)
Goodwill		(55,195	)			(55,118	)
Lease right-of-use asset		(10,195	)			-
Total deferred tax liabilities		(195,784	)			(181,831	)
Total deferred taxes	$	(155,304	)		$	(153,877	)

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

	2019				2018
Gross unrecognized tax benefits - beginning of the year	$	3,894			$	3,827
Gross increases (decreases) related to prior year tax positions		74				(397	)
Gross increases related to current year tax positions		506				959
Lapse of applicable statute of limitations		(405	)			(495	)
Gross unrecognized tax benefits - end of year	$	4,069			$	3,894

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://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

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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=117331294&loc=d3e36027-109320

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-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