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Income Taxes | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Income Taxes | The provision for income taxes for consists of the following (in millions):
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |  |
Federal |  | $ | 43.6 |  |  | $ | 44.9 |  |  | $ | 26.0 |
State |  | 15.5 |  |  | 15.5 |  |  | 7.5 |
Foreign |  | 3.0 |  |  | 1.7 |  |  | 1.3 |
|  | 62.1 |  |  | 62.1 |  |  | 34.8 |
Deferred: |  |  |  |  |  |
Federal and State |  | 19.5 |  |  | 1.8 |  |  | 19.9 |
|  | $ | 81.6 |  |  | $ | 63.9 |  |  | $ | 54.7 |
Income from continuing operations before income taxes consists of the following (in millions):
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
United States |  | $ | 304.5 |  |  | $ | 237.6 |  |  | $ | 199.7 |
Foreign |  | 8.9 |  |  | 3.9 |  |  | 4.7 |
|  | $ | 313.4 |  |  | $ | 241.5 |  |  | $ | 204.4 |
The components of deferred tax (liabilities) assets are as follows (in millions):
|  | December 31,
|  | 2021 |  | 2020
Intangibles |  | $ | (127.5) |  |  | $ | (145.4) |
Depreciation expense |  | (11.4) |  |  | (14.3) |
Operating lease right-of-use assets |  | (14.8) |  |  | (22.1) |
Operating lease liabilities |  | 15.6 |  |  | 23.3 |
Allowance for doubtful accounts |  | 1.5 |  |  | 1.4 |
Employee-related accruals |  | 20.5 |  |  | 14.8 |
Stock-based compensation |  | 10.0 |  |  | 8.4 |
Payroll tax deferral |  | 10.5 |  |  | 22.5 |
Other |  | 6.6 |  |  | 2.9 |
|  | $ | (89.0) |  |  | $ | (108.5) |
The reconciliation between the amount computed by applying the U.S. federal statutory tax rate of 21 percent to income before income taxes and the income tax provision is as follows (in millions):
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Income tax provision at the statutory rate |  | $ | 65.8 |  |  | $ | 50.7 |  |  | $ | 42.9 |
State income taxes, net of federal benefit |  | 15.2 |  |  | 12.7 |  |  | 10.6 |
Nondeductible executive compensation |  | 3.3 |  |  | 1.3 |  |  | 1.4 |
Disallowed meals and entertainment expenses |  | 0.2 |  |  | 0.5 |  |  | 1.3 |
Excess stock-based compensation benefit |  | (2.0) |  |  | (1.1) |  |  | (0.6) |
Work opportunity tax credit |  | (3.1) |  |  | (2.0) |  |  | (2.5) |
Other |  | 2.2 |  |  | 1.8 |  |  | 1.6 |
|  | $ | 81.6 |  |  | $ | 63.9 |  |  | $ | 54.7 |
As of December 31, 2021, the Company had no domestic net operating losses and had $1.3 million of foreign net operating losses, which have no expiration date. The Company has recorded a valuation allowance of approximately $0.3 million at December 31, 2021 related to net operating loss carryforwards. At December 31, 2021, the Company had undistributed earnings of foreign subsidiaries of approximately $10.0 million, substantially all of which are permanently reinvested. The Company will repatriate a portion of these foreign earnings in situations it deems advantageous for business operations, tax or cash management reasons. In doing so, the Company could be subject to state income and foreign taxes which would be insignificant. The determination of the amount of unrecognized deferred income tax liability for any basis differences on the permanently reinvested foreign earnings is not practicable due to the complexities associated with this hypothetical calculation. The Company had gross deferred tax assets of $71.7 million and $79.6 million and gross deferred tax liabilities of $160.4 million and $188.1 million at December 31, 2021 and 2020, respectively. Management has determined the gross deferred tax assets are realizable. At December 31, 2021, 2020 and 2019, there were $1.3 million of unrecognized tax benefits, respectively, and changes during those years were not significant. If recognized, these unrecognized tax benefits would affect the annual effective tax rate. The gross unrecognized tax benefits are included in other long-term liabilities in the accompanying consolidated balance sheets. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense in the accompanying consolidated statements of operations and comprehensive income. The amount of interest and penalties recognized in the consolidated financial statements is not significant. The Company believes that there will be no significant decrease in unrecognized tax benefits by the end of 2022. The Company is subject to taxation in the United States and various states and foreign jurisdictions. The IRS has completed an examination of the Company's U.S. income tax return for the 2017 tax year with no change. The Company remains subject to U.S. federal income tax examinations for 2018 and subsequent years. For the majority of U.S. states, with few exceptions and generally for the foreign tax jurisdictions, the Company remains subject to examination for 2017 and subsequent years.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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