XML 44 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The Predecessor’s income tax expense consists of the following:
 
 
Year Ended December 31,
 
 
2017
 
2016
 
 
(In thousands)
Current:
 
 
 
 
Federal
 
$
15,571

 
$
21,272

State
 
2,047

 
2,797

 
 
17,618

 
24,069

Deferred:
 
 
 
 
Federal
 
4,631

 
772

State
 
609

 
16

 
 
5,240

 
788

Total income tax expense
 
$
22,858

 
$
24,857

Schedule of Effective Income Tax Rate Reconciliation
The reconciliation of income taxes calculated at the U.S. federal statutory rate to the Predecessor’s effective tax rate for the years presented is as follows:
 
 
Year Ended December 31,
 
 
2017
 
2016
 
 
(%)
 
(In thousands)
 
(%)
 
(In thousands)
U.S. federal statutory rate
 
35.00
 %
 
$
33,392

 
35.00
%
 
$
22,745

Earnings not subject to tax subsequent to the initial public offering
 
(12.83
)%
 
(12,239
)
 
—
%
 
—

State income taxes, net of federal income tax benefit
 
1.81
 %
 
1,727

 
2.90
%
 
1,882

Other
 
(0.02
)%
 
(22
)
 
0.35
%
 
230

Annual effective tax rate
 
23.96
 %
 
$
22,858

 
38.25
%
 
$
24,857