Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Taxes

The provision for income taxes consists of the following (in millions):

	Year Ended December 31,
	2019			2018			2017
Current:
Federal	$	29.9		$	20.6		$	33.6
State	8.6			10.6			7.7
Foreign	4.6			3.9			2.8
	43.1			35.1			44.1
Deferred:
Federal and State	19.9			11.5			(4.7		)
Foreign	(1.0		)	(0.4		)	(0.2		)
	18.9			11.1			(4.9		)
	$	62.0		$	46.2		$	39.2

Income (Loss) before Income Tax Provision

Income from continuing operations before income taxes consists of the following (in millions):

 

	Year Ended December 31,
	2019		2018		2017
United States	$	218.7	$	190.7	$	184.2
Foreign	18.1		13.5		12.9
	$	236.8	$	204.2	$	197.1

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets (liabilities) are as follows (in millions):

 

	December 31,
	2019			2018
Intangibles	$	(112.7	)	$	(90.8	)
Depreciation expense	(13.3		)	(15.0		)
Operating lease right of use assets	(24.8		)	—
Operating lease liabilities	25.7			—
Allowance for doubtful accounts	1.8			1.6
Employee-related accruals	12.0			9.6
Stock-based compensation	9.2			9.5
Other	3.4			5.3
Net operating loss carryforwards–foreign	0.8			1.0
Valuation allowance	(0.8		)	(1.0		)
	$	(98.7	)	$	(79.8	)

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the amount computed by applying the U.S. federal statutory tax rate of 21 percent in 2019 and 2018 and 35 percent in 2017 to income before income taxes, for each respective year and the income tax provision is as follows (in millions):

	Year Ended December 31,
	2019			2018			2017
Income tax provision at the statutory rate	$	49.7		$	42.9		$	69.0
State income taxes, net of federal benefit	11.5			9.4			6.8
Disallowed meals and entertainment expenses	1.7			1.6			1.9
Excess stock-based compensation benefit	(0.9		)	(2.2		)	(4.2		)
Work opportunity tax credit	(2.5		)	(3.1		)	(2.0		)
Impact of tax reform	—			(3.0		)	(31.4		)
Other	2.5			0.6			(0.9		)
	$	62.0		$	46.2		$	39.2

Schedule of Unrecognized Tax Benefits Roll Forward

	Year Ended December 31,
	2019		2018			2017
Unrecognized tax benefit beginning of year	$	0.4	$	0.4		$	1.3
Gross increases - tax positions in current year	—		—			0.1
Gross increases - tax positions in prior year	0.9		0.1			—
Gross decreases - tax positions in prior year	—		—			(0.3		)
Lapse of the statute of limitations	—		(0.1		)	(0.7		)
Unrecognized tax benefit end of year	$	1.3	$	0.4		$	0.4