Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes [Abstract]

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

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

	Year Ended December 31,
(In thousands)	2021		2020		2019
Domestic	$	176,042	$	212,859	$	212,406
Foreign	18,262		9,920		11,377
Earnings before income taxes	$	194,304	$	222,779	$	223,783

Reconciliation of Income Tax Expense [Table Text Block]

A reconciliation of the federal statutory rate of 21% to the effective rate follows:

	Year Ended December 31,
	2021		2020		2019
Tax at statutory rate	21.0	%	21.0	%	21.0	%
Stock compensation	11.6	%	—	%	—	%
State income taxes	7.4	%	2.8	%	4.3	%
Effect of foreign operations	2.0	%	(0.3)	%	0.3	%
Effect of current and prior year credits	(2.4)	%	(0.8)	%	(2.7)	%
Change in unrecognized tax benefits	(2.8)	%	0.3	%	—	%
Other permanent differences	0.3	%	(0.7)	%	0.2	%
Prior year return to provision adjustments	(0.2)	%	1.1	%	(2.7)	%
Benefit of CARES Act	—	%	(7.5)	%	—	%
Valuation allowance	(7.1)	%	(9.3)	%	1.2	%
Other, net	0.8	%	—	%	0.8	%
Effective income tax rate	30.6	%	6.6	%	22.4	%

Components of Income Tax Expense [Table Text Block]

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

	Year Ended December 31,
(In thousands)	2021		2020		2019
Current expense (benefit)
Federal	$	(7,398)	$	14,354	$	(6,996)
State	15,106		4,735		528
Foreign	3,690		1,608		796
Total current	11,398		20,697		(5,672)
Deferred expense (benefit)
Federal	56,716		12,576		37,309
State	(1,205)		(2,956)		16,439
Foreign	(7,545)		(15,653)		2,161
Total deferred	47,966		(6,033)		55,909
Total income tax expense (benefit)	$	59,364	$	14,664	$	50,237

Deferred Tax Assets [Table Text Block]

Deferred tax assets (liabilities) consist of the following:

	December 31,
(In thousands)	2021		2020
Deferred tax assets
Net operating loss carryforwards	$	35,834	$	32,834
Accrued liabilities	48,659		45,776
Intangible assets	165,135		9,676
Lease obligations	73,819		67,999
Other assets including credits	12,157		10,079
Foreign tax credit carryforwards	7,696		5,643
Total deferred tax assets	343,300		172,007
Valuation allowance	(7,688)		(21,645)
Deferred tax assets, net	335,612		150,362
Deferred tax liabilities
Rental merchandise	(288,504)		(206,833)
Property assets	(20,094)		(18,935)
Lease assets	(72,458)		(66,661)
Other liabilities	(108)		(561)
Total deferred tax liabilities	(381,164)		(292,990)
Net deferred taxes	$	(45,552)	$	(142,628)

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)	2021		2020		2019
Beginning unrecognized tax benefit balance	$	22,184	$	24,208	$	36,364
Additions (Reductions) based on tax positions related to current year	461		1,204		(654)
Additions for tax positions of prior years	4,119		45		415
Reductions for tax positions of prior years	(3,006)		(2,086)		(11,917)
Settlements	(17,222)		(1,187)		—
Ending unrecognized tax benefit balance	$	6,536	$	22,184	$	24,208