Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense

Following is a summary of the Company’s income tax expense (benefit):

	Year Ended December 31,
(In Thousands)	2019		2018			2017
Current Income Tax Expense:
Federal	$	2,033	$	(5,380	)	$	(3,530	)
State	9,316		13,015			9,772
	11,349		7,635			6,242
Deferred Income Tax Expense (Benefit):
Federal	49,911		48,287			(60,547		)
State	56		72			1,346
	49,967		48,359			(59,201		)
Income Tax Expense (Benefit)	$	61,316	$	55,994		$	(52,959	)

Components of Deferred Income Tax Liabilities and Assets

Significant components of the Company’s deferred income tax liabilities and assets are as follows:

	December 31,
(In Thousands)	2019		2018
Deferred Tax Liabilities:
Lease Merchandise and Property, Plant and Equipment	$	176,017	$	174,171
Goodwill and Other Intangibles	44,435		41,183
Investment in Partnership	191,114		159,070
Operating Lease Right-of-Use Assets	75,146		—
Other, Net	2,019		1,804
Total Deferred Tax Liabilities	488,731		376,228
Deferred Tax Assets:
Accrued Liabilities	20,221		21,918
Advance Payments	9,575		9,232
Operating Lease Liabilities	83,154		—
Other, Net	66,212		86,339
Total Deferred Tax Assets	179,162		117,489
Less Valuation Allowance	—		—
Net Deferred Tax Liabilities	$	309,569	$	258,739

Effective Tax Rate Differs from Statutory United States Federal Income Tax Rate

The Company’s effective tax rate differs from the statutory United States Federal income tax rate as follows:

	Year Ended December 31,
	2019		2018		2017
Statutory Rate	21.0	%	21.0	%	35.0	%
Increases (Decreases) in United States Federal Taxes
Resulting From:
State Income Taxes, net of Federal Income Tax Benefit	9.8		4.0		2.7
Permanent difference for loss on Progressive FTC matter	39.6		—		—
Other Permanent Differences	(2.5	)	(1.2	)	—
Federal Tax Credits	(2.3	)	(0.5	)	(0.8	)
Change in Valuation Allowance	—		—		(0.4	)
Remeasurement of net Deferred Tax Liabilities	(1.8	)	(0.2	)	(58.2	)
Other, net	2.3		(0.9	)	(0.4	)
Effective Tax Rate	66.1	%	22.2	%	(22.1	)%

Summary of Activity Related to Uncertain Tax Positions

The following table summarizes the activity related to the Company’s uncertain tax positions:

	Year Ended December 31,
(In Thousands)	2019			2018			2017
Balance at January 1,	$	2,529		$	2,269		$	2,594
Additions Based on Tax Positions Related to the Current Year	236			269			456
Additions for Tax Positions of Prior Years	1,957			615			232
Prior Year Reductions	(76		)	(85		)	(236		)
Statute Expirations	(306		)	(257		)	(346		)
Settlements	—			(282		)	(431		)
Balance at December 31,	$	4,340		$	2,529		$	2,269