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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Provision for income taxes

The provision for income taxes from continuing operations consisted of the following:

		For the years ended December 31,
(in thousands)		2017				2016				2015
Current:
Federal		$	215			$	904			$	279
State and local		(963		)		(1,628		)		(3,588		)
Total current income tax provision		(748		)		(724		)		(3,309		)
Deferred:
Federal		(16,602		)		31,029				(30,546		)
State and local		(2,704		)		2,961				(4,029		)
Total deferred income tax provision		(19,306		)		33,990				(34,575		)
Provision (benefit) for income taxes		$	(20,054	)		$	33,266			$	(37,884	)

Effective income tax rate reconciliation

The difference between the statutory rate for federal income tax and the effective income tax rate was as follows:

		For the years ended December 31,
		2017			2016			2015
Statutory rate		35.0	%		35.0	%		35.0	%
Effect of:
State and local income taxes, net of federal tax benefit		2.2			3.0			3.5
Excess tax benefits from stock-based compensation		7.1			(1.8	)		—
Nondeductible expenses		(4.6	)		1.4			(1.7	)
Reserve for uncertain tax positions		3.6			(0.8	)		2.2
Nondeductible goodwill impairment		—			—			(6.8	)
U.S. federal statutory rate change		13.2			—			—
Other		6.0			(1.1	)		1.7
Effective income tax rate		62.5	%		35.7	%		33.9	%

Schedule of deferred income tax (liabilities) assets

The approximate effect of the temporary differences giving rise to deferred income tax assets (liabilities) were as follows:

		As of December 31,
(in thousands)		2017				2016
Temporary differences:
Property and equipment		$	(14,493	)		$	(27,049	)
Goodwill and other intangible assets		(52,532		)		(79,610		)
Investments, primarily gains and losses not yet recognized for tax purposes		2,792				5,180
Accrued expenses not deductible until paid		7,136				8,700
Deferred compensation and retiree benefits not deductible until paid		61,070				96,910
Other temporary differences, net		3,267				3,835
Total temporary differences		7,240				7,966
Federal and state net operating loss carryforwards		15,455				9,597
Valuation allowance for state deferred tax assets		(2,619		)		(955		)
Net deferred tax asset (liability)		$	20,076			$	16,608

Gross unrecognized tax benefit reconciliation

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

		For the years ended December 31,
(in thousands)		2017				2016				2015
Gross unrecognized tax benefits at beginning of year		$	2,665			$	5,011			$	7,024
Increases in tax positions for prior years		16				22				859
Decreases in tax positions for prior years		(390		)		(1,684		)		(96		)
Increases in tax positions for current years		—				336				—
Decreases in tax positions for current years		(54		)		—				—
Decreases from lapse in statute of limitations		(1,149		)		(1,020		)		(2,776		)
Gross unrecognized tax benefits at end of year		$	1,088			$	2,665			$	5,011

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
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-Paragraph 12
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Tabular disclosure of the change in unrecognized tax benefits.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=96868398&loc=d3e36027-109320

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