Rendering

Component: (Network and Table)
Network
2308301 - Disclosure - Income Taxes (Tables)
(http://www.aarons.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Summary of Income Tax Expense
Following is a summary of the Company’s income tax expense:
 
Year Ended December 31,
(In Thousands)
2016
 
2015
 
2014
Current Income Tax Expense:
 
 
 
 
 
Federal
$
103,993

 
$
32,999

 
$
41,946

State
10,308

 
5,442

 
8,682

 
114,301

 
38,441

 
50,628

Deferred Income Tax (Benefit) Expense:
 
 
 
 
 
Federal
(33,470
)
 
35,413

 
(3,314
)
State
(1,692
)
 
3,557

 
(3,843
)
 
(35,162
)
 
38,970

 
(7,157
)
 
$
79,139

 
$
77,411

 
$
43,471

 
 
Components of Deferred Income Tax Liabilities and Assets
Significant components of the Company’s deferred income tax liabilities and assets are as follows:
 
December 31,
(In Thousands)
2016
 
2015
Deferred Tax Liabilities:
 
 
 
Lease Merchandise and Property, Plant and Equipment
$
185,891

 
$
228,174

Goodwill and Other Intangibles
52,135

 
47,421

Investment in Partnership
96,291

 
88,913

Other, Net
1,619

 
2,062

Total Deferred Tax Liabilities
335,936

 
366,570

Deferred Tax Assets:
 
 
 
Accrued Liabilities
33,243

 
29,192

Advance Payments
13,087

 
15,713

Other, Net
20,277

 
14,936

Total Deferred Tax Assets
66,607

 
59,841

Less Valuation Allowance
(875
)
 
(752
)
Net Deferred Tax Liabilities
$
270,204

 
$
307,481

 
 
Effective Tax Rate Differs from Statutory United States Federal Income Tax Rate
The Company’s effective tax rate differs from the statutory United States Federal income tax rate as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
Statutory Rate
35.0
 %
 
35.0
 %
 
35.0
 %
Increases (Decreases) in United States Federal Taxes
 
 
 
 
 
Resulting From:
 
 
 
 
 
State Income Taxes, Net of Federal Income Tax Benefit
2.6

 
2.7

 
2.6

Federal Tax Credits
(1.1
)
 
(0.5
)
 
(1.8
)
Other, Net
(0.3
)
 
(0.9
)
 
(0.1
)
Effective Tax Rate
36.2
 %
 
36.3
 %
 
35.7
 %
 
 
Summary of Activity Related to Uncertain Tax Positions
The following table summarizes the activity related to the Company’s uncertain tax positions:
 
Year Ended December 31,
(In Thousands)
2016
 
2015
 
2014
Balance at January 1,
$
3,561

 
$
2,644

 
$
1,960

Additions Based on Tax Positions Related to the Current Year
258

 
331

 
311

Additions for Tax Positions of Prior Years
293

 
1,176

 
928

Prior Year Reductions
(776
)
 
(1
)
 
(370
)
Statute Expirations
(609
)
 
(589
)
 
(94
)
Settlements
(133
)
 

 
(91
)
Balance at December 31,
$
2,594

 
$
3,561

 
$
2,644