Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Components of Income (Loss) before Income Taxes

The components of income (loss) from continuing operations before income taxes consist of the following:

Year ended December 31,	2021		2020		2019
Income (loss) from continuing operations before income taxes:
U.S.	$	231,424	$	80,632	$	(32,953)
Foreign	45,330		29,276		4,234
Income (loss) from continuing operations before income taxes	$	276,754	$	109,908	$	(28,719)

Income Tax Provision

The income tax provision (benefit) consists of the following:

Year ended December 31,	2021		2020		2019
Current tax provision (benefit):
Federal	$	54,087	$	(4,430)	$	2,501
State	15,961		6,527		197
Foreign	14,853		4,172		8,569
Total current tax provision	84,901		6,269		11,267
Deferred tax provision (benefit):
Federal	(22,046)		16,512		(6,150)
State	(4,175)		(1,132)		(1,575)
Foreign	(3,515)		185		(9,677)
Total deferred tax provision (benefit)	(29,736)		15,565		(17,402)
Total income tax provision (benefit)	$	55,165	$	21,834	$	(6,135)

Reconciliation of Federal Statutory Rate to Effective Income Tax Rate

A reconciliation of the federal statutory rate to our effective income tax rate is shown below:

Year ended December 31,	2021		2020		2019
Federal statutory rate	21.0	%	21.0	%	21.0	%
Increases (decreases) in the rate resulting from:
Net capital loss on Divestiture	(1.0)	%	(24.8)	%	—	%
Tax reform	(1.2)	%	(11.4)	%	—	%
Unrecognized tax benefits	0.1	%	5.0	%	(5.0)	%
State income taxes, net of federal income tax impact	3.1	%	3.2	%	6.6	%
Research and development credit	(0.8)	%	(2.9)	%	9.8	%
Foreign income taxes	0.3	%	0.7	%	(3.7)	%
Valuation allowance	1.1	%	27.1	%	(1.4)	%
Restricted stock vestings	(2.1)	%	1.0	%	(6.7)	%
Nondeductible compensation	1.0	%	—	%	—	%
Foreign derived intangible income (FDII)	(3.2)	%	—	%	—	%
Other	1.6	%	1.0	%	0.8	%
Effective income tax rate	19.9	%	19.9	%	21.4	%

Tax Effects On Deferred Tax Assets And Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:

December 31,	2021		2020
Deferred tax assets:
Employee benefit plans	$	40,121	$	28,546
Accrued liabilities not currently deductible	24,659		23,872
Finance charges	2,019		1,928
Lease liabilities	57,056		43,342
Allowance for losses on accounts receivable	3,370		3,629
Net operating loss carryforwards	4,985		4,924
Capital loss carryover	30,323		27,624
Interest limitation	206		1,502
Derivatives	—		7,920
Other	4,694		5,733
Total deferred tax assets	167,433		149,020
Less: valuation allowances	(34,706)		(31,709)
Net deferred tax assets	132,727		117,311
Deferred tax liabilities:
Merchandise inventories	32,261		42,509
Goodwill	2,759		1,603
Property and equipment	32,607		34,005
Right-of-use assets	52,755		39,514
Computer software	8,068		7,447
Insurance	1,040		1,108
Intangible assets	21,953		27,349
Withholding tax liabilities	7,072		7,451
Other	101		344
Total deferred tax liabilities	158,616		161,330
Net deferred tax liability	$	(25,889)	$	(44,019)

Reconciliation of Changes In Unrecognized Tax Benefits

	2021		2020
Unrecognized tax benefits at January 1,	$	20,770	$	11,520
Increases for positions taken during current period	858		1,488
Increases for positions taken during prior periods	2,422		9,073
Lapse of statute of limitations	(2,665)		(1,311)
Unrecognized tax benefits at December 31,	$	21,385	$	20,770