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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The components of income (loss) before income taxes were as follows (in thousands):
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
United States | $ | (242,562 | ) |  | $ | (3,443 | ) |  | $ | (38,372 | )
Foreign | (566,117 | ) |  | 122,927 |  |  | 246,617 |
Total | $ | (808,679 | ) |  | $ | 119,484 |  |  | $ | 208,245 |
For the years ended December 31, 2013, 2012, and 2011 the Company reported an income tax (provision) benefit of $158.1 million, $(70.8) million, and $(114.7) million, respectively. The following table summarizes the components of the Company’s income tax provision from continuing operations for the three years ended December 31, 2013, 2012, and 2011 (in thousands): The components of the consolidated income tax benefit (expense) from continuing operations were as follows:
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
Current: |  |  |  |  |  |  |  |
United States | $ | 4 |  |  | $ | (257 | ) |  | $ | 2,015 |
United States — State mining taxes | (714 | ) |  | (2,195 | ) |  | (409 | )
United States — Foreign withholding tax | 397 |  |  | (736 | ) |  | (842 | )
Argentina | (137 | ) |  | 976 |  |  | (1,219 | )
Australia | (914 | ) |  | (1,760 | ) |  | (1,755 | )
Mexico | (9,046 | ) |  | (7,814 | ) |  | (1,084 | )
Bolivia | (6,716 | ) |  | (43,546 | ) |  | (59,660 | )
Canada | (1,936 | ) |  | — |  |  | — |
Deferred: |  |  |  |  |  |  |  |
Argentina | 8,062 |  |  | — |  |  | — |
Australia | (2 | ) |  | (223 | ) |  | (661 | )
Bolivia | (4,222 | ) |  | (1,087 | ) |  | (207 | )
Mexico | 94,851 |  |  | (10,579 | ) |  | (28,022 | )
United States | 78,489 |  |  | (3,586 | ) |  | (22,902 | )
Income tax benefit (expense) | $ | 158,116 |  |  | $ | (70,807 | ) |  | $ | (114,746 | )
Reconciliation of effective tax rate with the federal statutory tax rate | A reconciliation of the Company’s effective tax rate with the federal statutory tax rate for the periods indicated is as follows:
| Years Ended December 31
| 2013 |  | 2012 |  | 2011
Tax benefit (expense) from continuing operations | $ | 283,038 |  |  | $ | (41,819 | ) |  | $ | (72,886 | )
State tax provision from continuing operations | 2,245 |  |  | (3,151 | ) |  | (11,009 | )
Percentage depletion and related deductions | — |  |  | 7,461 |  |  | — |
Change in valuation allowance | (106,802 | ) |  | (12,651 | ) |  | (6,032 | )
Non-deductible imputed interest | (214 | ) |  | (525 | ) |  | (808 | )
Uncertain tax positions | (5,209 | ) |  | (9,849 | ) |  | (1,279 | )
U.S. and foreign non-deductible expenses | (2,383 | ) |  | (4,206 | ) |  | (10,648 | )
Foreign exchange rates | 13,937 |  |  | (10,416 | ) |  | (4,440 | )
Foreign inflation and indexing | 2,937 |  |  | 712 |  |  | (3,829 | )
Foreign tax rate differences | (24,108 | ) |  | 3,967 |  |  | 22,795 |
Foreign withholding and other foreign taxes | (100,331 | ) |  | (5,861 | ) |  | (23,246 | )
Foreign tax credits and other, net | 13,153 |  |  | 5,531 |  |  | (3,364 | )
Change in Mexico permanent reinvestment assertion | 81,853 |  |  | — |  |  | — |
| $ | 158,116 |  |  | $ | (70,807 | ) |  | $ | (114,746 | )
Deferred tax assets and liabilities | As of December 31, 2013 and 2012, the significant components of the Company’s deferred tax assets and liabilities were as follows:
| Years Ended December 31
| 2013 |  | 2012
Deferred tax liabilities: |  |  |  |  |
Mineral properties | $ | 344,152 |  |  | $ | 461,742 |
Mexican mining royalty tax | 76,386 |  |  | — |
Foreign subsidiaries — unremitted earnings | 182,464 |  |  | 247,000 |
Inventory | 2,746 |  |  | — |
Property, plant and equipment, net | 33,094 |  |  | 60,266 |
| $ | 638,842 |  |  | $ | 769,008 |
Deferred tax assets: |  |  |  |  |
Net operating loss carryforwards | 130,170 |  |  | 99,323 |
Foreign subsidiaries — future tax credits | 163,947 |  |  | 145,395 |
Royalty and other long-term debt | 11,616 |  |  | 42,221 |
Capital loss carryforwards | 34,930 |  |  | 35,315 |
Asset retirement obligation | 18,589 |  |  | 8,623 |
Unrealized foreign currency loss and other | 9,567 |  |  | 1,590 |
Accrued expenses | 14,756 |  |  | 20,692 |
Tax credit carryforwards | 23,585 |  |  | 22,811 |
Inventory | — |  |  | 1,418 |
| 407,160 |  |  | 377,388 |
Valuation allowance | (289,378 | ) |  | (182,576 | )
| 117,782 |  |  | 194,812 |
Net deferred tax liabilities | $ | (521,060 | ) |  | $ | (574,196 | )
Recorded valuation allowances | The Company has evaluated the amount of taxable income and periods over which it must be earned to allow for realization of the deferred tax assets. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this decision. Based upon this analysis, the Company has recorded valuation allowances as follows:
| Years Ended December 31
| 2013 |  | 2012
U.S. | $ | 236,653 |  |  | $ | 132,790 |
Argentina | 17,005 |  |  | 18,442 |
Canada | 4,453 |  |  | 2,227 |
New Zealand | 27,292 |  |  | 27,125 |
Other | 3,975 |  |  | 1,992 |
| $ | 289,378 |  |  | $ | 182,576 |
Reconciliation of the beginning and ending amount related to unrecognized tax benefits | A reconciliation of the beginning and ending amount related to unrecognized tax benefits is as follows (in thousands):
Unrecognized tax benefits at January 1, 2012 | $ | 1,980 |
Gross increase to current period tax positions | 9,227 |
Gross decrease to prior period tax positions | (696 | )
Unrecognized tax benefits at December 31, 2012 | $ | 10,511 |
Gross increase to current period tax positions | 2,231 |
Gross increase to prior period tax positions | 2,761 |
Reductions in unrecognized tax benefits resulting from a lapse of the applicable statue of limitations | (32 | )
Unrecognized tax benefits at December 31, 2013 | $ | 15,471 |
Tax attribute carryforwards | The Company has the following tax attribute carryforwards as of December 31, 2013, by jurisdiction:
| U.S. |  | Argentina |  | Canada |  | Mexico |  | New Zealand |  | Other |  | Total
Regular net operating losses | 226,985 |  |  | 21,061 |  |  | 7,203 |  |  | 4,170 |  |  | 97,470 |  |  | 6,641 |  |  | 363,530 |
Alternative minimum tax net operating losses | 99,954 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 99,954 |
Capital losses | 90,258 |  |  | — |  |  | 3,579 |  |  | — |  |  | — |  |  | — |  |  | 93,837 |
Alternative minimum tax credits | 3,136 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,136 |
Foreign tax credits | 19,494 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19,494 |

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- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 48 -Paragraph 21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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