Income Taxes Level 3 (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income before income taxes was composed of the following components:

	Years Ended December 31,
	2019		2018		2017
	(In thousands)
United States	$	441,579	$	399,123	$	347,680
Foreign	22,853		42,609		52,578
	$	464,432	$	441,732	$	400,258

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax provision (benefit) consisted of the following:

	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Current:
United States	$	51,664		$	18,138		$	154,128
Foreign	7,059			10,541			12,187
State	12,908			6,974			4,934
Total current income taxes	71,631			35,653			171,249
Deferred:
United States	$	12,973		$	(48,565	)	$	(314,389	)
Foreign	(571		)	386			618
State	10,628			6,700			(4,067		)
Total deferred income taxes	23,030			(41,479		)	(317,838		)
Total income taxes	$	94,661		$	(5,826	)	$	(146,589	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The differences between the U.S. federal statutory income tax rate and our effective tax rate were as follows:

	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Computed tax provision at the applicable federal statutory income tax rate	$	97,531		$	92,764		$	140,090
State and local taxes, net of federal income tax benefits	20,081			10,146			8,216
Foreign jurisdiction differences	1,646			2,377			(6,782		)
Permanent differences associated with divestitures	1,288			790			1,925
Changes in uncertain tax positions and audit settlements	(9,842		)	(88,687		)	(105,821		)
Foreign valuation allowance, net of federal income tax benefits	43			(431		)	1,186
Enactment of U.S. Tax Act	—			(16,105		)	(146,160		)
Excess tax benefit from share-based compensation	(13,868		)	(11,159		)	(18,521		)
Other	(2,218		)	4,479			(20,722		)
Provision (benefit from) for income taxes	$	94,661		$	(5,826	)	$	(146,589	)
Total consolidated effective tax rate	20.4		%	(1.3		)%	(36.6		)%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consisted of the following:

	Years Ended December 31,
	2019			2018
	(In thousands)
Inventories and cemetery property	$	(212,498	)	$	(220,537	)
Deferred incremental direct selling costs	(76,692		)	(73,696		)
Property and equipment	(139,548		)	(122,281		)
Intangibles	(199,906		)	(197,815		)
Other	(1,893		)	—
Deferred tax liabilities	(630,537		)	(614,329		)
Loss and tax credit carryforwards	143,391			153,688
Deferred revenue on preneed funeral and cemetery contracts	113,171			113,970
Accrued liabilities	67,489			63,558
Other	—			90
Deferred tax assets	324,051			331,306
Less: valuation allowance	(114,331		)	(120,931		)
Net deferred income tax liability	$	(420,817	)	$	(403,954	)

Schedule of Deferred Taxes Classification [Table Text Block]

Deferred tax assets and deferred income tax liabilities are recognized in our Consolidated Balance Sheet as follows:

	Years Ended December 31,
	2019			2018
	(In thousands)
Non-current deferred tax assets	$	665		$	673
Non-current deferred tax liabilities	(421,482		)	(404,627		)
Net deferred income tax liability	$	(420,817	)	$	(403,954	)

Summary of Income Tax Contingencies [Table Text Block]

The following table summarizes the activity related to our gross unrecognized tax benefits from January 1, 2017 to December 31, 2019 (in thousands):

	Federal, State, and Foreign Tax
	(In thousands)
Balance at December 31, 2016	$	178,326
Reductions to tax positions as a result of audit settlement	(30,333		)
Reductions to tax positions related to prior years	(68,538		)
Balance at December 31, 2017	$	79,455
Additions to tax positions related to prior years	1,348
Reduction to tax positions due to expiration of statutes of limitations	(79,455		)
Balance at December 31, 2018	$	1,348
Reductions to tax positions related to prior years	—
Balance at December 31, 2019	$	1,348

Summary of Operating Loss Carryforwards [Table Text Block]

Such loss carryforwards will expire as follows:

	Federal		State		Foreign		Total
	(In thousands)
2020	$	—	$	172,219	$	—	$	172,219
2021	—		150,106		—		150,106
2022	—		78,589		—		78,589
2023	—		228,210		—		228,210
Thereafter	1,211		1,828,046		11,147		1,840,404
Total	$	1,211	$	2,457,170	$	11,147	$	2,469,528

Summary of Valuation Allowance [Table Text Block]

At December 31, 2019, our loss and tax credit carryforward deferred tax assets and related valuation allowances by jurisdiction are as follows (presented net of federal benefit):

	Federal		State		Foreign		Total
			(In thousands)
Loss and tax credit carryforwards	$	254	$	136,133	$	7,004	$	143,391
Valuation allowance	$	—	$	93,982	$	20,349	$	114,331