Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes from continuing operations attributable to CoreLogic is as follows for the years ended December 31, 2015, 2014 and 2013:



(in thousands)	2015					2014				2013
	Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates			Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates		Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates
United States	$	155,345	$	23,790		$	86,195	$	22,988	$	94,744	$	43,022
Foreign	16,729		(970		)	19,196		—		11,881		795
Total	$	172,074	$	22,820		$	105,391	$	22,988	$	106,625	$	43,817

Schedule of Components of Income Tax Expense (Benefit)

The provision for taxes consists of the following for the years ended December 31, 2015, 2014 and 2013:



(in thousands)	2015				2014					2013
	Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates		Continuing Operations Attributable to CoreLogic			Equity In Earnings of Affiliates		Continuing Operations Attributable to CoreLogic			Equity In Earnings of Affiliates
Current:
Federal	$	17,108	$	7,910	$	186		$	7,603	$	19,294		$	14,083
State	2,166		1,190		2,137			1,265		(1,596		)	2,151
Foreign	3,394		—		3,249			—		2,006			222
	22,668		9,100		5,572			8,868		19,704			16,456
Deferred:
Federal	29,561		—		26,769			—		14,568			—
State	3,562		—		1,299			—		(273		)	—
Foreign	1,603		—		(3,870		)	—		(326		)	—
	34,726		—		24,198			—		13,969			—
Total income tax provision	$	57,394	$	9,100	$	29,770		$	8,868	$	33,673		$	16,456

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for taxes based on the federal statutory income tax rate on income from continuing operations attributable to CoreLogic to our effective income tax rate is as follows for the years ended December 31, 2015, 2014 and 2013:



	2015				2014				2013
	Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates		Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates		Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%	35.0	%	35.0	%	35.0	%
State taxes, net of federal benefit	3.4		3.4		6.2		3.6		4.0		3.2
Foreign taxes (less than) in excess of federal rate	0.4		1.5		(5.6	)	—		1.0		(0.6	)
Non-deductible expenses, including Separation-related	0.5		—		1.7		—		4.9		—
Change from investee to subsidiary	(2.5	)	—		—		—		(2.3	)	—
Change in uncertain tax positions	(0.7	)	—		1.3		—		2.7		—
Research and development credits	(2.6	)	—		(7.9	)	—		(10.2	)	—
Other items, net	(0.1	)	—		(2.5	)	—		(3.5	)	—
Effective income tax rate	33.4	%	39.9	%	28.2	%	38.6	%	31.6	%	37.6	%

Schedule of Deferred Tax Assets and Liabilities

The components of the deferred income tax assets and liabilities as of December 31, 2015 and 2014 are as follows:



(in thousands)	2015			2014
Deferred tax assets:
Net losses and credit carryforwards	$	92,537		$	98,633
Deferred revenue	132,359			137,090
Bad debt reserves	1,042			2,962
Employee benefits	46,586			47,414
Accrued expenses and loss reserves	32,796			29,791
Other	—			(989		)
Less: valuation allowance	(19,171		)	(21,912		)
	$	286,149		$	292,989
Deferred tax liabilities:
Depreciable and amortizable assets	279,435			247,458
Investment in affiliates	11,199			19,169
Other	4,658			—
	$	295,292		$	266,627
Net deferred tax (liability)/asset	$	(9,143	)	$	26,362

Summary of Income Tax Contingencies

A reconciliation of the unrecognized tax benefits for the years ended December 31, 2015, 2014 and 2013 are as follows:



(in thousands)	2015			2014			2013
Unrecognized tax benefits - opening balance	$	35,663		$	55,325		$	52,654
Gross increases - tax positions in prior period	13			2,950			—
Gross decreases - tax positions in prior period	(2,152		)	(22,698		)	—
Gross increases - current-period tax positions	896			651			2,671
Settlements with taxing authorities	(119		)	(565		)	—
Unrecognized tax benefits - ending balance	$	34,301		$	35,663		$	55,325