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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Significant Components of Income before Income Taxes | Significant components of Income before income taxes are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
U.S. |  | $ | 56,114 |  |  | $ | 122,162 |  |  | $ | 176,958 |
Non-U.S. |  |  | 815 |  |  |  | — |  |  |  | — |
Income before income taxes |  | $ | 56,929 |  |  | $ | 122,162 |  |  | $ | 176,958 |
Schedule of Significant Components of the Income Tax Expense (Benefit) | Significant components of the Income tax expense (benefit) are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Current |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal |  | $ | 254 |  |  | $ | 5,966 |  |  | $ | 1,001 |
U.S. state and local |  |  | 953 |  |  |  | 598 |  |  |  | — |
Non-U.S. |  |  | 220 |  |  |  | — |  |  |  | — |
Total current income tax expense |  |  | 1,427 |  |  |  | 6,564 |  |  |  | 1,001 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal |  |  | 11,133 |  |  |  | (110,361 | ) |  |  | (538 | )
U.S. state and local |  |  | 5,560 |  |  |  | 1,516 |  |  |  | 125 |
Non-U.S. |  |  | — |  |  |  | — |  |  |  | — |
Total deferred income tax expense |  | $ | 16,693 |  |  | $ | (108,845 | ) |  | $ | (413 | )
Income tax expense (benefit) |  | $ | 18,120 |  |  | $ | (102,281 | ) |  | $ | 588 |
Schedule of Income Tax Provision Differed from Amounts Computed at the Statutory Federal Income Tax Rate | The income tax provision differed from amounts computed at the statutory federal income tax rate, as follows (in thousands):
|  | Year Ended December 31, |
|  | 2018 |  |  |  | 2017 (1) |  |  |  | 2016 (2) |
|  | $ |  |  | % |  |  |  | $ |  |  | % |  |  |  | $ |
Income tax provision at statutory rate |  | $ | 11,955 |  |  |  | 21.0 |  | % |  | $ | 42,757 |  |  |  | 35.0 |  | % |  | $ | 521 |
Tax effect of pre-Separation earnings |  |  | — |  |  |  | — |  |  |  |  | (16,210 | ) |  |  | (13.3 | ) |  |  |  | — |
State income taxes, net of federal income tax benefit |  |  | 2,668 |  |  |  | 4.7 |  |  |  |  | 2,294 |  |  |  | 1.9 |  |  |  |  | 67 |
Effect of change in apportionment factors (3) |  |  | 3,467 |  |  |  | 6.1 |  |  |  |  | — |  |  |  | — |  |  |  |  | — |
Write-off of permanent outside basis difference |  |  | — |  |  |  | — |  |  |  |  | (50,687 | ) |  |  | (41.5 | ) |  |  |  | — |
Effect of U.S. federal tax rate change |  |  | — |  |  |  | — |  |  |  |  | (80,298 | ) |  |  | (65.7 | ) |  |  |  | — |
Other, net |  |  | 30 |  |  |  | — |  |  |  |  | (137 | ) |  |  | (0.1 | ) |  |  |  | — |
Income tax expense (benefit) |  | $ | 18,120 |  |  |  | 31.8 |  | % |  | $ | (102,281 | ) |  |  | (83.7 | ) | % |  | $ | 588 |
(1) | The income tax benefit for the year ended December 31, 2017 is based upon seven months of Cars.com, LLC activity and twelve months of DealerRater activity.
(2) | As a partnership, Cars.com, LLC generally was not subject to federal and state income tax. Therefore, the income tax benefit is based upon five months of DealerRater post-acquisition activity.
(3) | This item relates to changes in apportionment factors upon the finalization of the post-Spin 2017 state tax returns in the fourth quarter of 2018.
Significant Components of Deferred Tax Assets and Liabilities | Significant components of the deferred tax assets and liabilities are as follows (in thousands):
|  | December 31, |
|  | 2018 |  |  | 2017 |
Deferred income tax asset (liability): |  |  |  |  |  |  |  |
Accrued compensation |  | $ | 4,098 |  |  | $ | 2,374 |
Unfavorable contracts liability |  |  | 4,739 |  |  |  | 10,794 |
Other |  |  | 2,725 |  |  |  | 3,758 |
Less: Valuation allowance |  |  | — |  |  |  | — |
Total deferred tax assets |  | $ | 11,562 |  |  | $ | 16,926 |
Depreciation |  | $ | (4,629 | ) |  | $ | (4,667 | )
Intangibles |  |  | (183,632 | ) |  |  | (156,968 | )
Other |  |  | (1,217 | ) |  |  | (1,773 | )
Total deferred tax liabilities |  |  | (189,478 | ) |  |  | (163,408 | )
Net deferred tax liability |  | $ | (177,916 | ) |  | $ | (146,482 | )

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- 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
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- 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
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