Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Reconciliation of Income Tax Expense

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

	Year Ended December 31,
	2014		2013		2012
Tax at statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.8	%	2.6	%	1.5	%
Effect of foreign operations, net of foreign tax credits	0.3	%	0.4	%	(0.2	)%
Effect of prior year credits	(2.0	)%	—	%	—	%
Adjustments to deferred taxes	(2.4	)%	—	%	—	%
Other, net	(0.4	)%	0.2	%	(0.2	)%
Total	32.3	%	38.2	%	36.1	%

Components of Income Tax Expense

The components of income tax expense are as follows:

	Year Ended December 31,
	2014			2013			2012
	(In thousands)
Current expense
Federal	$	14,943		$	45,784		$	86,839
State	4,032			5,888			10,428
Foreign	1,673			5,659			3,100
Total current	20,648			57,331			100,367
Deferred expense
Federal	24,556			20,721			5,663
State	(90		)	2,521			(4,100		)
Foreign	817			(1,134		)	(142		)
Total deferred	25,283			22,108			1,421
Total	$	45,931		$	79,439		$	101,788

Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) consist of the following:

	December 31,
	2014			2013
	(In thousands)
Deferred tax assets
Federal net operating loss carryforwards	$	—		$	1,798
State net operating loss carryforwards	16,937			15,072
Foreign net operating loss carryforwards	18,182			11,789
Accrued liabilities	72,058			59,718
Other assets including credits	6,993			2,619
Foreign tax credit carryforwards	12,306			10,584
	126,476			101,580
Valuation allowance	(24,709		)	(14,116		)
Deferred tax liabilities
Rental merchandise	(285,371		)	(255,541		)
Property assets	(2,222		)	(41,740		)
Intangible assets	(157,527		)	(108,686		)
	(445,120		)	(405,967		)
Net deferred taxes	$	(343,353	)	$	(318,503	)

Unrecognized Tax Benefits

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

	(In thousands)
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 January 1, 2014	13,173
Additions based on tax positions related to current year	425
Additions for tax positions of prior years	2,400
Reductions for tax positions of prior years	(2,225		)
Settlements	(397		)
Balance at December 31, 2014	$	13,376