Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Income before Income Tax From Continuing Operations

For the years ended December 31, 2018, 2017 and 2016, our income tax provision was calculated based on income from continuing operations before income taxes as follows: (in thousands):



	2018		2017		2016
United States	$	375,408	$	303,854	$	283,904
Foreign	19,620		14,895		12,590
	$	395,028	$	318,749	$	296,494

Schedule of Income Tax Provision

The income tax provision in the accompanying Consolidated Statements of Operations for the years ended December 31, 2018, 2017 and 2016 consisted of the following (in thousands):



	2018		2017			2016
Current:
Federal provision	$	75,405	$	120,317		$	95,171
State and local provisions	28,063		23,496			23,387
Foreign provision	1,389		244			749
	104,857		144,057			119,307
Deferred	4,249		(53,358		)	(8,108		)
	$	109,106	$	90,699		$	111,199

Schedule of U.S. Statutory Income Tax Rates From Continuing Operations

Items accounting for the differences between income taxes computed at the federal statutory rate and the income tax provision for the years ended December 31, 2018, 2017 and 2016 were as follows (in thousands):



	2018			2017			2016
Federal income taxes at the statutory rate	$	82,946		$	111,562		$	103,773
State and local income taxes, net of federal tax benefits	21,827			15,736			14,801
State tax reserves	(7		)	(2,543		)	74
Permanent differences	6,584			4,916			3,698
Domestic manufacturing deduction	—			(10,387		)	(6,830		)
Excess tax benefit from share-based compensation	(1,227		)	(1,341		)	(2,114		)
Goodwill impairment	—			17,055			—
Foreign income taxes (including UK statutory rate changes)	70			(2,586		)	(1,290		)
Impact of federal rate change on net deferred tax liabilities	—			(39,343		)	—
Federal tax reserves	(67		)	(1,247		)	(893		)
Other	(1,020		)	(1,123		)	(20		)
	$	109,106		$	90,699		$	111,199

Reconciliation of Unrecognized Income Tax Benefits

A reconciliation of unrecognized income tax benefits at the beginning and at the end of the year is as follows (in thousands):



	2018			2017
Balance at beginning of year	$	841		$	3,982
Additions based on tax positions related to the current year	—			1,158
Additions based on tax positions related to prior years	—			1,244
Adjustments for tax positions of prior years	184			(5,543		)
Reductions for expired statute of limitations	(1,025		)	—
Balance at end of year	$	—		$	841

Schedule of Deferred Tax Assets and Liabilities

The deferred income tax assets and deferred income tax liabilities recorded for the years ended December 31, 2018 and 2017 were as follows (in thousands):



	2018			2017
Deferred income tax assets:
Excess of amounts expensed for financial statement purposes over amounts deducted for income tax purposes:
Insurance liabilities	$	44,192		$	42,425
Pension liability	3,204			6,900
Deferred compensation	29,300			27,742
Other (including liabilities and reserves)	27,400			28,534
Total deferred income tax assets	104,096			105,601
Valuation allowance for deferred tax assets	(3,855		)	(3,825		)
Net deferred income tax assets	100,241			101,776
Deferred income tax liabilities:
Costs capitalized for financial statement purposes and deducted for income tax purposes:
Goodwill and identifiable intangible assets	(152,761		)	(150,900		)
Depreciation of property, plant and equipment	(14,904		)	(11,781		)
Other	(3,424		)	(3,792		)
Total deferred income tax liabilities	(171,089		)	(166,473		)
Net deferred income tax liabilities	$	(70,848	)	$	(64,697	)