Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes [Abstract]

Loss Before Income Tax, Domestic and Foreign [Table Text Block]

For financial statement purposes, income (loss) before income taxes by source was comprised of the following:

	Year Ended December 31,
(In thousands)	2019		2018		2017
Domestic	$	212,406	$	11,290	$	(109,615	)
Foreign	11,377		2,551		(585		)
Earnings (loss) before income taxes	$	223,783	$	13,841	$	(110,200	)

Reconciliation of Income Tax Expense [Table Text Block]

A reconciliation of the federal statutory rate of 21% for 2019 and 2018 and 35% for 2017 to actual follows:

	Year Ended December 31,
	2019		2018		2017
Tax at statutory rate	21.0	%	21.0	%	35.0	%
Tax Cuts and Jobs Act of 2017	—	%	—	%	70.3	%
State income taxes	4.3	%	17.6	%	(1.8	)%
Effect of foreign operations, net of foreign tax credits	0.3	%	(1.2	)%	3.5	%
Effect of current and prior year credits	(2.7	)%	(31.4	)%	1.7	%
Change in unrecognized tax benefits	—	%	10.9	%	—	%
Other permanent differences	0.2	%	14.9	%	—	%
Prior year return to provision adjustments	(2.7	)%	7.3	%	—	%
Adjustments to deferred taxes	—	%	—	%	1.6	%
Valuation allowance	1.2	%	(0.5	)%	(1.6	)%
Other, net	0.8	%	—	%	(2.7	)%
Effective income tax rate	22.4	%	38.6	%	106.0	%

Components of Income Tax Expense [Table Text Block]

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

	Year Ended December 31,
(In thousands)	2019			2018			2017
Current expense (benefit)
Federal	$	(6,996	)	$	(2,573	)	$	(34,445	)
State	528			816			1,216
Foreign	796			724			(1,417		)
Total current	(5,672		)	(1,033		)	(34,646		)
Deferred expense (benefit)
Federal	37,309			4,691			(89,820		)
State	16,439			3,325			9,266
Foreign	2,161			(1,634		)	(1,653		)
Total deferred	55,909			6,382			(82,207		)
Total income tax expense (benefit)	$	50,237		$	5,349		$	(116,853	)

Deferred Tax Assets [Table Text Block]

Deferred tax assets (liabilities) consist of the following:

	December 31,
(In thousands)	2019			2018
Deferred tax assets
Net operating loss carryforwards	$	34,928		$	56,701
Accrued liabilities	45,671			50,558
Intangible assets	13,088			20,346
Lease obligations	71,104			—
Other assets including credits	10,915			23,070
Foreign tax credit carryforwards	7,815			6,601
Total deferred tax assets	183,521			157,276
Valuation allowance	(43,555		)	(39,961		)
Deferred tax assets, net	139,966			117,315
Deferred tax liabilities
Rental merchandise	(193,878		)	(177,794		)
Property assets	(24,513		)	(32,571		)
Lease assets	(69,035		)	—
Other liabilities	(1,635		)	(453		)
Total deferred tax liabilities	(289,061		)	(210,818		)
Net deferred taxes	$	(149,095	)	$	(93,503	)

Unrecognized Tax Benefits [Table Text Block]

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

	Year Ended December 31,
(In thousands)	2019			2018			2017
Beginning unrecognized tax benefit balance	$	36,364		$	37,319		$	33,723
Reductions based on tax positions related to current year	(654		)	(206		)	(2,280		)
Additions for tax positions of prior years	415			735			6,688
Reductions for tax positions of prior years	(11,917		)	(488		)	(368		)
Settlements	—			(996		)	(444		)
Ending unrecognized tax benefit balance	$	24,208		$	36,364		$	37,319