Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax (Tables) [Abstract]

Reconciliation of Income Tax Expense

A reconciliation of the federal statutory rate of 35% to actual follows:

	Year Ended December 31,
	2013		2012		2011
Tax at statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	2.6	%	1.5	%	1.9	%
Effect of foreign operations, net of foreign tax credits	0.4	%	(0.2	)%	0.3	%
Other, net	0.2	%	(0.2	)%	(1.4	)%
Total	38.2	%	36.1	%	35.8	%

Components of Income Tax Expense

The components of income tax expense are as follows:

	Year Ended December 31,
	2013			2012			2011
	(In thousands)
Current expense
Federal	$	45,784		$	86,839		$	4,154
State	5,888			10,428			6,547
Foreign	5,659			3,100			3,762
Total current	57,331			100,367			14,463
Deferred expense
Federal	20,427			6,589			76,336
State	2,494			(4,069		)	1,090
Foreign	(1,134		)	(142		)	(631		)
Total deferred	21,787			2,378			76,795
Total	$	79,118		$	102,745		$	91,258

Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) consist of the following:

	December 31,
	2013			2012
	(In thousands)
Deferred tax assets
Federal net operating loss carryforwards	$	1,798		$	7,873
State net operating loss carryforwards	15,072			14,711
Accrued liabilities	54,875			52,909
Other assets including credits	2,619			1,402
Foreign tax credit carryforwards	10,584			6,771
	84,948			83,666
Valuation allowance	(319		)	(319		)
Deferred tax liabilities
Rental merchandise	(256,912		)	(252,464		)
Property assets	(42,357		)	(32,815		)
Intangible assets	(108,686		)	(97,695		)
	(407,955		)	(382,974		)
Net deferred taxes	$	(323,326	)	$	(299,627	)

Unrecognized Tax Benefits

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

	(In thousands)
Balance at January 1, 2012	$	9,656
Additions for tax positions of prior years	1,411
Reductions for tax positions of prior years	(489		)
Settlements	(411		)
Balance at January 1, 2013	10,167
Additions based on tax positions related to current year	50
Additions for tax positions of prior years	3,742
Reductions for tax positions of prior years	(786		)
Balance at December 31, 2013	$	13,173