XML 60 R14.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Income Taxes |
7. | Income Taxes
Deferred taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities used for financial reporting purposes and the amounts used for income tax purposes. Significant components of the net deferred tax assets as reflected on the Consolidated Balance Sheets are as follows:
| December 31,
(in thousands) | 2019 | 2018
Deferred tax liabilities |  |
Prepaid assets | $ | (4,252 | ) | $ | (3,306 | )
Depreciation | (4,564 | ) | (3,918 | )
Software development costs | (6,475 | ) | (4,950 | )
Tenant improvements | (3,209 | ) | — |
Right-of-use leased assets | (15,949 | ) | — |
Intangibles | (955 | ) | (474 | )
Total deferred tax liabilities | (35,404 | ) | (12,648 | )
Deferred tax assets |  |
Accrued incentive compensation | 5,946 |  | 8,612 |
Net operating loss carryforward | 632 |  | 709 |
Workers’ compensation accruals | 5,404 |  | 4,739 |
Accrued rent | 1,223 |  | 918 |
Stock-based compensation | 6,712 |  | 6,183 |
Operating lease liabilities | 19,158 |  | — |
Minority investment impairment | 673 |  | 676 |
Other | 287 |  | 305 |
Total deferred tax assets | 40,035 |  | 22,142 |
Valuation allowance | (675 | ) | (678 | )
Total net deferred tax assets | 39,360 |  | 21,464 |
Net deferred tax assets | $ | 3,956 |  | $ | 8,816 |
The components of income tax expense are as follows:
| Year Ended December 31,
(in thousands) | 2019 | 2018 | 2017
Current income tax expense |  |  |
Federal | $ | 27,385 |  | $ | 40,347 |  | $ | 30,009 |
State | 6,299 |  | 11,133 |  | 5,988 |
Total current income tax expense | 33,684 |  | 51,480 |  | 35,997 |
Deferred income tax (benefit) expense |  |  |
Federal | 4,016 |  | (3,398 | ) | 9,549 |
State | 844 |  | (1,135 | ) | 193 |
Total deferred income tax (benefit) expense | 4,860 |  | (4,533 | ) | 9,742 |
Total income tax expense | $ | 38,544 |  | $ | 46,947 |  | $ | 45,739 |
In 2016, we prospectively adopted ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. We recognized an income tax benefit of $14.6 million in 2019, $3.9 million in 2018 and $6.8 million in 2017 related to excess tax benefits from the vesting of long-term incentive awards and restricted stock awards. The reconciliation of income tax expense computed at U.S. federal statutory tax rates to the reported income tax expense from continuing operations is as follows:
| Year Ended December 31,
(in thousands) | 2019 | 2018 | 2017
Expected income tax expense at 21%, 21% and 35%, respectively | $ | 39,825 |  | $ | 38,296 |  | $ | 45,549 |
State income taxes, net of federal benefit | 5,821 |  | 7,660 |  | 4,085 |
Nondeductible expenses | 5,959 |  | 4,831 |  | 2,649 |
Section 199 benefits | — |  | — |  | (875 | )
Equity compensation | (12,120 | ) | (2,737 | ) | (6,218 | )
Research and development credit | (1,069 | ) | (856 | ) | (634 | )
Disaster employee retention credit | — |  | — |  | (669 | )
Enactment of the 2017 Tax Reform Act | — |  | — |  | 2,559 |
Other, net | 128 |  | (247 | ) | (707 | )
Reported total income tax expense | $ | 38,544 |  | $ | 46,947 |  | $ | 45,739 |
At December 31, 2019, we have net operating loss carryforwards totaling $2.5 million that expire from 2023 to 2030 related to an acquisition that occurred in 2010. We recognize interest and penalties related to uncertain tax positions in income tax expense. As of December 31, 2019, 2018 and 2017, we made no provisions for interest or penalties related to uncertain tax positions. The tax years 2016 through 2018 remain open to examination by the Internal Revenue Service of the United States. The tax years 2015 through 2018 remain open to examination by various state tax authorities.

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 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration