Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Provision for income taxes

The provision for income taxes is comprised of the following (in thousands):

	For the Years Ended December 31,
	2014			2013			2012
Federal:
Current	$	61,688		$	54,915		$	51,342
Deferred	8,394			16,150			(27,103		)
	70,082			71,065			24,239
State:
Current	12,965			11,156			9,896
Deferred	1,013			3,017			(5,081		)
	13,978			14,173			4,815
Foreign:
Current	3,372			3,318			4,035
Deferred	(554		)	(1,103		)	(1,214		)
	2,818			2,215			2,821
	$	86,878		$	87,453		$	31,875

Net deferred income tax assets (liabilities)

The net deferred income tax assets (liabilities) at December 31, 2014 and 2013 are comprised of the following (in thousands):

	December 31,
	2014			2013
Current deferred income tax assets:
Accounts receivable	$	7,977		$	6,598
State taxes	2,632			3,927
Other liabilities and reserves	21,878			14,298
Other assets	1,367			7,042
Inventory	1,271			1,547
Valuation allowance	(4,794		)	(4,394		)
Total current deferred income tax assets	$	30,331		$	29,018
Non-current deferred income tax (liabilities) assets:
Net operating loss carryforwards	$	27,610		$	28,111
Other assets	32,239			37,494
Intangible assets	(138,214		)	(128,584		)
Property and equipment	(22,753		)	(27,014		)
Unrealized loss on investments	(3		)	—
Share-based compensation	6,615			6,307
Valuation allowance	(8,996		)	(9,396		)
Total non-current deferred income tax (liabilities), net	$	(103,502	)	$	(93,082	)

Reconciliation of provision for income taxes to the amount computed at the Federal statutory rate

A reconciliation of the provision for income taxes to the amount computed at the Federal statutory rate is as follows:

	For Years Ended December 31,
	2014		2013		2012
Federal income tax at statutory rate	35.0	%	35.0	%	35.0	%
State taxes, net of Federal benefit	4.1		4.2		4.1
Goodwill impairment	0.2		—		4.6
AVC gain	—		—		(2.6	)
Foreign rate differential	(0.4	)	(0.4	)	(1.1	)
Miscellaneous	0.2		0.1		1.2
	39.1	%	38.9	%	41.2	%