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Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes [Abstract]

Loss Before Income Tax, Domestic and Foreign [Table Text Block]

For financial statement purposes, earnings before income taxes by source was comprised of the following:

			Year Ended December 31,
(In thousands)			2020						2019						2018
Domestic			$	212,859					$	212,406					$	11,290
Foreign			9,920						11,377						2,551
Earnings before income taxes			$	222,779					$	223,783					$	13,841

Reconciliation of Income Tax Expense [Table Text Block]

A reconciliation of the federal statutory rate of 21% to the effective rate follows:

			Year Ended December 31,
			2020						2019						2018
Tax at statutory rate			21.0		%				21.0		%				21.0		%
State income taxes			2.8		%				4.3		%				17.6		%
Effect of foreign operations			(0.3)		%				0.3		%				(1.2)		%
Effect of current and prior year credits			(0.8)		%				(2.7)		%				(31.4)		%
Change in unrecognized tax benefits			0.3		%				—		%				10.9		%
Other permanent differences			(0.7)		%				0.2		%				14.9		%
Prior year return to provision adjustments			1.1		%				(2.7)		%				7.3		%
Benefit of CARES Act			(7.5)		%				—		%				—		%
Valuation allowance			(9.3)		%				1.2		%				(0.5)		%
Other, net			—		%				0.8		%				—		%
Effective income tax rate			6.6		%				22.4		%				38.6		%

Components of Income Tax Expense [Table Text Block]

The components of income tax expense (benefit) are as follows:

			Year Ended December 31,
(In thousands)			2020						2019						2018
Current expense (benefit)
Federal			$	14,354					$	(6,996)					$	(2,573)
State			4,735						528						816
Foreign			1,608						796						724
Total current			20,697						(5,672)						(1,033)
Deferred expense (benefit)
Federal			12,576						37,309						4,691
State			(2,956)						16,439						3,325
Foreign			(15,653)						2,161						(1,634)
Total deferred			(6,033)						55,909						6,382
Total income tax expense (benefit)			$	14,664					$	50,237					$	5,349

Deferred Tax Assets [Table Text Block]

Deferred tax assets (liabilities) consist of the following:

			December 31,
(In thousands)			2020						2019
Deferred tax assets
Net operating loss carryforwards			$	32,834					$	34,928
Accrued liabilities			45,776						45,671
Intangible assets			9,676						13,088
Lease obligations			67,999						71,104
Other assets including credits			10,079						10,915
Foreign tax credit carryforwards			5,643						7,815
Total deferred tax assets			172,007						183,521
Valuation allowance			(21,645)						(43,555)
Deferred tax assets, net			150,362						139,966
Deferred tax liabilities
Rental merchandise			(206,833)						(193,878)
Property assets			(18,935)						(24,513)
Lease assets			(66,661)						(69,035)
Other liabilities			(561)						(1,635)
Total deferred tax liabilities			(292,990)						(289,061)
Net deferred taxes			$	(142,628)					$	(149,095)

Unrecognized Tax Benefits [Table Text Block]

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:

			Year Ended December 31,
(In thousands)			2020						2019						2018
Beginning unrecognized tax benefit balance			$	24,208					$	36,364					$	37,319
Additions (Reductions) based on tax positions related to current year			1,204						(654)						(206)
Additions for tax positions of prior years			45						415						735
Reductions for tax positions of prior years			(2,086)						(11,917)						(488)
Settlements			(1,187)						—						(996)
Ending unrecognized tax benefit balance			$	22,184					$	24,208					$	36,364

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Income Taxes [Abstract]

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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 income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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