Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015		2014		2013
Tax at statutory rate	35.0	%	35.0	%	35.0	%
Goodwill impairment	(18.8	)%	—	%	—	%
State income taxes, net of federal benefit	2.8	%	1.8	%	2.6	%
Effect of foreign operations, net of foreign tax credits	(0.9	)%	0.3	%	0.4	%
Effect of current and prior year credits	0.4	%	(2.0	)%	—	%
Adjustments to deferred taxes	—	%	(2.4	)%	—	%
Other, net	(0.5	)%	(0.4	)%	0.2	%
Total	18.0	%	32.3	%	38.2	%

Components of Income Tax Expense

The components of income tax expense (benefit) are as follows:

	Year Ended December 31,
	2015			2014			2013
	(In thousands)
Current expense (benefit)
Federal	$	29,668		$	14,943		$	45,784
State	(6,432		)	4,032			5,888
Foreign	2,574			1,673			5,659
Total current	25,810			20,648			57,331
Deferred expense (benefit)
Federal	(175,842		)	24,556			20,721
State	(39,331		)	(90		)	2,521
Foreign	(589		)	817			(1,134		)
Total deferred	(215,762		)	25,283			22,108
Total	$	(189,952	)	$	45,931		$	79,439

Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) consist of the following:

	December 31,
	2015			2014
	(In thousands)
Deferred tax assets
State net operating loss carryforwards	$	16,032		$	16,937
Foreign net operating loss carryforwards	20,396			18,182
Accrued liabilities	62,115			72,058
Intangible assets	56,609			—
Property assets	3,308			—
Other assets including credits	5,413			6,993
Foreign tax credit carryforwards	13,576			12,306
	177,449			126,476
Valuation allowance	(31,829		)	(24,709		)
Deferred tax liabilities
Rental merchandise	(263,158		)	(285,371		)
Property assets	—			(2,222		)
Intangible assets	—			(157,527		)
	(263,158		)	(445,120		)
Net deferred taxes	$	(117,538	)	$	(343,353	)

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows (in thousands):

	Year Ended December 31,
	2015			2014			2013
Balance at beginning of year	$	13,376		$	13,173		$	10,167
Additions based on tax positions related to current year	1,508			425			50
Additions for tax positions of prior years	20,684			2,400			3,742
Reductions for tax positions of prior years	(8,354		)	(2,225		)	(786		)
Settlements	(50		)	(397		)	—
Balance at end of year	$	27,164		$	13,376		$	13,173