INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of income tax provision

The Company’s income tax provision consisted of the following:

For the years ended December 31,	2018			2017			2016
(in thousands)
Current:
Federal	$	49,911		$	76,178		$	69,102
State		13,602			13,406			12,949
Foreign		7,929			7,158			14,464
Total current tax		71,442			96,742			96,515
Deferred:
Federal		6,091			17,249			(5,991	)
State		1,957			1,610			2,892
Foreign		(420	)		(223	)		(149	)
Total deferred tax		7,628			18,636			(3,248	)
Total income tax provision	$	79,070		$	115,378		$	93,267

Schedule of primary factors causing income tax expense to be different than the federal statutory rate

The primary factors causing income tax expense to be different than the federal statutory rate for 2018, 2017 and 2016 are as follows:

For the years ended December 31,	2018			2017			2016
(in thousands)
Income tax at statutory rate	$	65,254		$	103,075		$	91,222
State income tax expense (net of federal benefit)		12,984			9,979			8,876
Foreign tax expense/(benefit)		1,186			(1,613	)		9,857
Foreign tax		(234	)		(221	)		(19,155	)
Repatriation tax under TCJA		1,233			7,956			—
Other		(1,353	)		(3,798	)		2,467
Total income tax provision	$	79,070		$	115,378		$	93,267

Schedule of significant components of the deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities at December 31, 2018 and 2017 are as follows:

December 31,	2018			2017
(in thousands)
Deferred tax assets:
Termite accrual	$	812		$	1,241
Insurance and contingencies		18,136			18,374
Unearned revenues		11,091			11,152
Compensation and benefits		11,238			11,157
State and foreign operating loss carryforwards		5,346			7,035
Bad debt reserve		3,687			3,203
Foreign tax credit		6,664			7,842
Other		2,060			1,861
Valuation allowance		(76	)		(24	)
Total deferred tax assets		58,958			61,841
Deferred tax liabilities:
Depreciation and amortization		(21,237	)		(18,453	)
Net Pension liability		(1,340	)		(3,709	)
Intangibles and other		(29,467	)		(21,259	)
Total deferred tax liabilities		(52,043	)		(43,421	)
Net deferred tax assets		6,915			18,420

Schedule of valuation allowance

Analysis of the valuation allowance:

December 31,	2018		2017
(in thousands)
Valuation allowance at beginning of year	$	24	$	6,507
Change in valuation allowance		52		(6,483	)
Valuation allowance at end of year	$	76	$	24

Reconciliation of the beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

December 31,	2018			2017
(in thousands)
Balance at Beginning of Year	$	3,148		$	2,554
Additions/(reductions) for tax positions of prior years		(594	)		594
Balance at End of Year	$	2,554		$	3,148