Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Taxes

Schedule of Income before Income Tax, Domestic and Foreign

	Year Ended December 31,
(Amounts in thousands)	2020		2019		2018
Domestic	$	(487,594)	$	297,752	$	383,875
Foreign		(35,464)		14,008		27,983
(Loss) income before income taxes	$	(523,059)	$	311,760	$	411,858

Schedule of Components of Income Tax Expense (Benefit)

(Amounts in thousands)	Current		Deferred		Total
2020:
U.S. federal	$	(3,530)	$	(99,976)	$	(103,506)
Foreign		—		(7,642)		(7,642)
State and local		(3,239)		(26,580)		(29,819)
Income tax (benefit) expense	$	(6,769)	$	(134,199)	$	(140,967)
2019:
U.S. federal	$	(2,960)	$	67,975	$	65,015
Foreign		5,812		1,169		6,981
State and local		10,704		9,242		19,946
Income tax expense	$	13,556	$	78,386	$	91,942
2018:
U.S. federal	$	(58)	$	65,976	$	65,918
Foreign		11,752		626		12,378
State and local		11,268		6,291		17,559
Income tax expense	$	22,962	$	72,893	$	95,855

Schedule of Effective Income Tax Rate Reconciliation

	Year Ended December 31,
(Amounts in thousands)	2020		2019		2018
Computed "expected" federal income tax (benefit) expense	$	(109,842)	$	65,470	$	86,490
Effect of noncontrolling interest income distribution		(8,671)		(8,558)		(8,401)
Change in valuation allowance		(2,482)		15,469		1,663
Effect of state and local income taxes, net of federal tax benefit		(14,356)		18,622		12,980
Deductible compensation in excess of book		773		(2,029)		(5,392)
Nondeductible compensation		951		635		1,167
Effect of foreign income taxes		(4,072)		2,084		4,544
Effect of foreign earnings earned and remitted in the same year		—		(302)		2,317
Effect of foreign tax credits		(528)		(407)		(996)
Other, net		(2,740)		958		1,483
Income tax (benefit) expense	$	(140,967)	$	91,942	$	95,855

Schedule of Deferred Tax Assets and Liabilities

	December 31,
(Amounts in thousands)	2020		2019
Deferred tax assets	$	326,023	$	191,349
Less: Valuation allowance		128,159		130,641
Net deferred tax assets		197,864		60,708
Deferred tax liabilities		299,695		307,829
Net deferred tax liability	$	101,831	$	247,121
	December 31,
(Amounts in thousands)	2020		2019
Deferred tax assets:
Federal net operating loss carryforwards	$	115,168	$	12,615
State net operating loss carryforwards		118,063		107,303
Deferred compensation		9,307		8,240
Foreign tax credits		21,367		20,469
Alternative minimum tax credits		—		3,296
Accrued insurance, pension liability and other		62,118		39,426
Total deferred tax assets	$	326,023	$	191,349
Deferred tax liabilities:
Property and equipment	$	220,927	$	226,872
Intangible assets and other		78,768		80,957
Total deferred tax liabilities	$	299,695	$	307,829