Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017, 2016 and 2015:



(in thousands)	2017					2016					2015
	Continuing Operations Attributable to CoreLogic		Equity In Losses of Affiliates			Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates			Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates
United States	$	155,598	$	(1,920	)	$	143,749	$	2,630		$	155,345	$	23,790
Foreign	13,294		—			20,225		(1,121		)	16,729		(970		)
Total	$	168,892	$	(1,920	)	$	163,974	$	1,509		$	172,074	$	22,820

Schedule of Components of Income Tax Expense (Benefit)

The provision for taxes consists of the following for the years ended December 31, 2017, 2016 and 2015:



(in thousands)	2017						2016					2015
	Continuing Operations Attributable to CoreLogic			Equity In Losses of Affiliates			Continuing Operations Attributable to CoreLogic			Equity In Earnings of Affiliates		Continuing Operations Attributable to CoreLogic		Equity In Earnings of Affiliates
Current:
Federal	$	51,906		$	(638	)	$	28,232		$	871	$	17,108	$	7,910
State	3,872			(96		)	9,187			142		2,166		1,190
Foreign	4,268			—			2,881			—		3,394		—
	60,046			(734		)	40,300			1,013		22,668		9,100
Deferred:
Federal	(42,012		)	—			12,186			—		29,561		—
State	(2,293		)	—			(267		)	—		3,562		—
Foreign	2,431			—			2,305			—		1,603		—
	(41,874		)	—			14,224			—		34,726		—
Total income tax provision	$	18,172		$	(734	)	$	54,524		$	1,013	$	57,394	$	9,100

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, 2017, 2016 and 2015:



	2017				2016				2015
	Continuing Operations Attributable to CoreLogic		Equity In Losses 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	2.7		3.3		4.0		6.1		3.4		3.4
Foreign taxes in excess of/(less than) federal rate	1.6		—		(0.9	)	26.0		0.4		1.5
Nontaxable gain on contingent payment reversal	—		—		(1.7	)	—		—		—
Nontaxable/nondeductible items	(1.9	)	—		0.6		—		0.5		—
Change from investee to subsidiary	—		—		—		—		(2.5	)	—
Change in uncertain tax positions	(1.0	)	—		(1.3	)	—		(0.7	)	—
Research and development credits	(2.2	)	—		(1.6	)	—		(2.6	)	—
Net impact of FAFC indemnity	0.1		—		(8.7	)	—		—		—
TCJA - Provisional remeasurement of federal deferred taxes	(22.5	)	—		—		—		—		—
Valuation allowance on impaired investments	—		—		8.2		—		—		—
Other items, net	(1.0	)	—		(0.3	)	—		(0.1	)	—
Effective income tax rate	10.8	%	38.3	%	33.3	%	67.1	%	33.4	%	39.9	%

Schedule of Deferred Tax Assets and Liabilities

The components of the deferred income tax assets and liabilities as of December 31, 2017 and 2016 for continuing operations are as follows:



(in thousands)	2017			2016
Deferred tax assets:
Net losses and credit carryforwards	$	68,744		$	90,773
Deferred revenue	114,586			149,022
Investment in affiliates	4,375			14,501
Employee benefits	31,944			47,823
Accrued expenses and loss reserves	28,043			38,024
Other	12,296			20,692
Less: valuation allowance	(45,166		)	(44,879		)
	$	214,822		$	315,956
Deferred tax liabilities:
Depreciable and amortizable assets	299,578			415,879
Investment in affiliates	17,449			18,624
	$	317,027		$	434,503
Net deferred tax liability	$	(102,205	)	$	(118,547	)

Summary of Income Tax Contingencies

A reconciliation of the unrecognized tax benefits for the years ended December 31, 2017, 2016 and 2015 are as follows:



(in thousands)	2017			2016			2015
Unrecognized tax benefits - opening balance	$	21,179		$	34,301		$	35,663
Gross increases - tax positions in prior period	503			1,835			13
Gross decreases - tax positions in prior period	—			(106		)	(2,152		)
Gross increases - current-period tax positions	654			528			896
Settlements with taxing authorities	—			(17		)	(119		)
FAFC indemnification release	—			(13,147		)	—
Expiration of the statute of limitations for the assessment of taxes	(2,011		)	(2,215		)	—
Unrecognized tax benefits - ending balance	$	20,325		$	21,179		$	34,301