Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016, 2015 and 2014:



(in thousands)	2016					2015					2014
	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	$	143,749	$	2,630		$	155,345	$	23,790		$	86,195	$	22,988
Foreign	20,225		(1,121		)	16,729		(970		)	19,196		—
Total	$	163,974	$	1,509		$	172,074	$	22,820		$	105,391	$	22,988

Schedule of Components of Income Tax Expense (Benefit)

The provision for taxes consists of the following for the years ended December 31, 2016, 2015 and 2014:



(in thousands)	2016					2015				2014
	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	$	28,232		$	871	$	17,108	$	7,910	$	186		$	7,603
State	9,187			142		2,166		1,190		2,137			1,265
Foreign	2,881			—		3,394		—		3,249			—
	40,300			1,013		22,668		9,100		5,572			8,868
Deferred:
Federal	12,186			—		29,561		—		26,769			—
State	(267		)	—		3,562		—		1,299			—
Foreign	2,305			—		1,603		—		(3,870		)	—
	14,224			—		34,726		—		24,198			—
Total income tax provision	$	54,524		$	1,013	$	57,394	$	9,100	$	29,770		$	8,868

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, 2016, 2015 and 2014:



	2016				2015				2014
	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	4.0		6.1		3.4		3.4		6.2		3.6
Foreign taxes (less than)/in excess of federal rate	(0.9	)	26.0		0.4		1.5		(5.6	)	—
Nontaxable gain on contingent payment reversal	(1.7	)	—		—		—		—		—
Nontaxable/nondeductible items	0.6		—		0.5		—		1.7		—
Change from investee to subsidiary	—		—		(2.5	)	—		—		—
Change in uncertain tax positions	(1.3	)	—		(0.7	)	—		1.3		—
Research and development credits	(1.6	)	—		(2.6	)	—		(7.9	)	—
Net impact of FAFC indemnity	(8.7	)	—		—		—		—		—
Valuation allowance on impaired investments	8.2		—		—		—		—		—
Other items, net	(0.3	)	—		(0.1	)	—		(2.5	)	—
Effective income tax rate	33.3	%	67.1	%	33.4	%	39.9	%	28.2	%	38.6	%

Schedule of Deferred Tax Assets and Liabilities

The components of the deferred income tax assets and liabilities as of December 31, 2016 and 2015 are as follows:



(in thousands)	2016			2015
Deferred tax assets:
Net losses and credit carryforwards	$	90,773		$	92,537
Deferred revenue	149,022			132,359
Investment in affiliates	14,501			—
Employee benefits	47,823			46,586
Accrued expenses and loss reserves	38,024			32,796
Other	20,693			1,042
Less: valuation allowance	(44,880		)	(19,171		)
	$	315,956		$	286,149
Deferred tax liabilities:
Depreciable and amortizable assets	415,879			279,435
Investment in affiliates	18,624			11,199
Other	—			4,658
	$	434,503		$	295,292
Net deferred tax liability	$	(118,547	)	$	(9,143	)

Summary of Income Tax Contingencies

A reconciliation of the unrecognized tax benefits for the years ended December 31, 2016, 2015 and 2014 are as follows:



(in thousands)	2016			2015			2014
Unrecognized tax benefits - opening balance	$	34,301		$	35,663		$	55,325
Gross increases - tax positions in prior period	1,835			13			2,950
Gross decreases - tax positions in prior period	(106		)	(2,152		)	(22,698		)
Gross increases - current-period tax positions	528			896			651
Settlements with taxing authorities	(17		)	(119		)	(565		)
FAFC indemnification release	(13,147		)	—			—
Expiration of the statute of limitations for the assessment of taxes	(2,215		)	—			—
Unrecognized tax benefits - ending balance	$	21,179		$	34,301		$	35,663