XML 73 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments in Qualified Affordable Housing Projects (Tables)
 12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Components of qualified affordable housing projects included in income taxes
Significant components of the provision for income taxes are as follows for the periods presented:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Current
 
 
 
 
 
Federal
$
28,380

 
$
31,679

 
$
17,004

State
1,354

 
2,131

 
995

 
29,734

 
33,810

 
17,999

Deferred
 
 
 
 
 
Federal
22,314

 
10,480

 
12,625

State
1,147

 
557

 
1,126

Revaluation of net deferred tax assets as a result of the Tax Cuts and Jobs Act
14,486

 
—

 
—

 
37,947

 
11,037

 
13,751

 
$
67,681

 
$
44,847

 
$
31,750

Components of the Company’s investments in qualified affordable housing projects were included in the line item “Income taxes” in the Consolidated Statements of Income for the periods presented as follows:
 
Year Ended
 
December 31,
 
2017
 
2016
Investment amortization
$
1,714

 
$
1,335

Tax credits and other benefits
(2,190
)
 
(1,927
)
Total
$
(476
)
 
$
(592
)