Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

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,
	2016		2015		2014
Tax at statutory rate	35.0	%	35.0	%	35.0	%
Goodwill impairment	(29.3	)%	(27.0	)%	—	%
State income taxes	3.3	%	2.8	%	1.8	%
Effect of foreign operations, net of foreign tax credits	(0.2	)%	—	%	(4.4	)%
Effect of current and prior year credits	2.9	%	0.5	%	(3.5	)%
Adjustments to deferred taxes	0.6	%	—	%	(2.4	)%
Valuation allowance	(6.6	)%	(1.0	)%	6.2	%
Other, net	1.4	%	(0.5	)%	(0.4	)%
Effective income tax rate	7.1	%	9.8	%	32.3	%

Components of Income Tax Expense

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

	Year Ended December 31,
(In thousands)	2016			2015			2014
Current expense (benefit)
Federal	$	23,752		$	29,668		$	14,943
State	779			(6,432		)	4,032
Foreign	(582		)	2,575			1,673
Total current	23,949			25,811			20,648
Deferred (benefit) expense
Federal	(27,307		)	(100,139		)	24,556
State	(6,586		)	(28,143		)	(90		)
Foreign	1,865			(589		)	817
Total deferred	(32,028		)	(128,871		)	25,283
Total income tax (benefit) expense	$	(8,079	)	$	(103,060	)	$	45,931

Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) consist of the following:

	December 31,
(In thousands)	2016			2015
Deferred tax assets
State net operating loss carryforwards	$	17,538		$	16,032
Foreign net operating loss carryforwards	17,234			20,396
Accrued liabilities	70,733			62,115
Intangible assets	43,662			29,913
Other assets including credits	7,497			5,413
Foreign tax credit carryforwards	13,576			13,576
Total deferred tax assets	170,240			147,445
Valuation allowance	(35,410		)	(31,829		)
Deferred tax assets, net	134,830			115,616
Rental merchandise	(234,211		)	(263,158		)
Property assets	(73,763		)	(56,888		)
Total deferred tax liabilities	(307,974		)	(320,046		)
Net deferred taxes	$	(173,144	)	$	(204,430	)

Unrecognized Tax Benefits

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

	Year Ended December 31,
(In thousands)	2016			2015			2014
Beginning unrecognized tax benefit balance	$	27,164		$	13,376		$	13,173
Additions based on tax positions related to current year	773			1,508			425
Additions for tax positions of prior years	8,396			20,684			2,400
Reductions for tax positions of prior years	(2,246		)	(8,354		)	(2,225		)
Settlements	(364		)	(50		)	(397		)
Ending unrecognized tax benefit balance	$	33,723		$	27,164		$	13,376