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Income and Mining Taxes | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
INCOME TAXES | INCOME AND MINING TAXES The components of Income (loss) before income taxes are below:
| Year ended December 31,
in thousands | 2014 |  | 2013 |  | 2012
United States | $ | (213,883 | ) |  | $ | (242,562 | ) |  | $ | (3,443 | )
Foreign | (1,401,245 | ) |  | (566,117 | ) |  | 122,927 |
Total | $ | (1,615,128 | ) |  | $ | (808,679 | ) |  | $ | 119,484 |
The components of the consolidated Income and mining tax (expense) benefit from continuing operations are below:
| Year ended December 31,
in thousands | 2014 |  | 2013 |  | 2012
Current: |  |  |  |  |  |  |  |
United States | $ | 904 |  |  | $ | 4 |  |  | $ | (257 | )
United States — State mining taxes | (879 | ) |  | (714 | ) |  | (2,195 | )
United States — Foreign withholding tax | (6,250 | ) |  | 397 |  |  | (736 | )
Argentina | (71 | ) |  | (137 | ) |  | 976 |
Australia | — |  |  | (914 | ) |  | (1,760 | )
Mexico | (1,124 | ) |  | (9,046 | ) |  | (7,814 | )
Bolivia | (4,008 | ) |  | (6,716 | ) |  | (43,546 | )
Canada | (145 | ) |  | (1,936 | ) |  | — |
Deferred: |  |  |  |  |
Argentina | 24,478 |  |  | 8,062 |  |  | — |
Australia | (401 | ) |  | (2 | ) |  | (223 | )
Bolivia | 22,122 |  |  | (4,222 | ) |  | (1,087 | )
Canada | 1,807 |  |  | — |  |  | — |
Mexico | 417,068 |  |  | 94,851 |  |  | (10,579 | )
United States | 5,743 |  |  | 78,489 |  |  | (3,586 | )
Income tax (expense) benefit | $ | 459,244 |  |  | $ | 158,116 |  |  | $ | (70,807 | )
A reconciliation of the Company’s effective tax rate with the federal statutory tax rate for the periods indicated is below:
| Year ended December 31,
in thousands | 2014 |  | 2013 |  | 2012
Tax benefit (expense) from continuing operations | $ | 565,295 |  |  | $ | 283,038 |  |  | $ | (41,819 | )
State tax provision from continuing operations | 20,253 |  |  | 2,245 |  |  | (3,151 | )
Percentage depletion and related deductions | — |  |  | — |  |  | 7,461 |
Change in valuation allowance | (128,344 | ) |  | (106,802 | ) |  | (12,651 | )
Non-deductible imputed interest | — |  |  | (214 | ) |  | (525 | )
Uncertain tax positions | (4,425 | ) |  | (5,209 | ) |  | (9,849 | )
U.S. and foreign non-deductible expenses | (4,892 | ) |  | (2,383 | ) |  | (4,206 | )
Foreign exchange rates | 23,672 |  |  | 13,937 |  |  | (10,416 | )
Foreign inflation and indexing | 3,765 |  |  | 2,937 |  |  | 712 |
Foreign tax rate differences | (63,930 | ) |  | (24,108 | ) |  | 3,967 |
Foreign withholding and other foreign taxes | 91,882 |  |  | (100,331 | ) |  | (5,861 | )
Foreign tax credits and other, net | (44,032 | ) |  | 13,153 |  |  | 5,531 |
Change in Mexico permanent reinvestment assertion | — |  |  | 81,853 |  |  | — |
| $ | 459,244 |  |  | $ | 158,116 |  |  | $ | (70,807 | )
At December 31, 2014 and 2013, the significant components of the Company’s deferred tax assets and liabilities are below:
| Year ended December 31,
In thousands | 2014 |  | 2013
Deferred tax liabilities: |  |  |  |  |
Mineral properties | $ | — |  |  | $ | 344,152 |
Mexican mining royalty tax | 7,586 |  |  | 76,386 |
Foreign subsidiaries — unremitted earnings | 45,249 |  |  | 182,464 |
Inventory | 1,100 |  |  | 2,746 |
Property, plant, and equipment, net | — |  |  | 33,094 |
| $ | 53,935 |  |  | $ | 638,842 |
Deferred tax assets: |  |  |  |  |
Net operating loss carryforwards | 153,689 |  |  | 130,170 |
Mineral properties | 70,510 |  |  | — |
Property, plant, and equipment | 46,042 |  |  | — |
Foreign subsidiaries — future tax credits | — |  |  | 163,947 |
Royalty and other long-term debt | 5,863 |  |  | 11,616 |
Capital loss carryforwards | 35,251 |  |  | 34,930 |
Asset retirement obligation | 21,586 |  |  | 18,589 |
Unrealized foreign currency loss and other | 8,213 |  |  | 9,567 |
Accrued expenses | 14,773 |  |  | 14,756 |
Tax credit carryforwards | 56,322 |  |  | 23,585 |
| 412,249 |  |  | 407,160 |
Valuation allowance | (409,883 | ) |  | (289,378 | )
| 2,366 |  |  | 117,782 |
Net deferred tax liabilities | $ | 51,569 |  |  | $ | 521,060 |
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 assessment. Based upon this analysis, the Company has recorded valuation allowances as follows:
| Year ended December 31,
In thousands | 2014 |  | 2013
U.S. | $ | 305,534 |  |  | $ | 236,653 |
Argentina | 21,520 |  |  | 17,005 |
Canada | 2,009 |  |  | 4,453 |
Bolivia | 15,948 |  |  | — |
Mexico | 33,189 |  |  | — |
New Zealand | 28,710 |  |  | 27,292 |
Other | 2,973 |  |  | 3,975 |
| $ | 409,883 |  |  | $ | 289,378 |
A reconciliation of the beginning and ending amount related to unrecognized tax benefits is below (in thousands):
Unrecognized tax benefits at January 1, 2013 | $ | 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 |
Gross increase to current period tax positions | 1,856 |
Gross increase to prior period tax positions | 524 |
Reductions in unrecognized tax benefits resulting from a lapse of the applicable statue of limitations | (1,767 | )
Unrecognized tax benefits at December 31, 2014 | $ | 16,084 |
At December 31, 2014, 2013, and 2012, $16.1 million, $14.3 million, and $10.3 million, respectively, of these gross unrecognized benefits would, if recognized, decrease the Company's effective tax rate. The Company is not able to estimate the amount of change in the Company's gross unrecognized tax benefits within the next twelve months. The Company classifies interest and penalties associated with uncertain tax positions as a component of income tax expense and has recognized interest and penalties of $2.9 million, $4.1 million, and $2.5 million as of 2014, 2013, and 2012, respectively. The Company files income tax returns in various U.S. federal and state jurisdictions, in all identified foreign jurisdictions and various others. The statute of limitations remains open from 2012 for the US federal jurisdiction and from 2005 for certain other foreign jurisdictions. During 2014, the U.S. Internal Revenue Service concluded its examination of the Company's 2009, 2010, and 2011 tax years. In the fourth quarter of 2013, the Company made an assertion that earnings are permanently reinvested in its Coeur Mexicana mining operations entity which resulted in an income tax benefit of $81 million. Therefore, at December 31, 2014, no provision has been made for United States federal and state income taxes on the Company's outside tax basis differences in Mexico, which primarily relate to accumulated foreign earnings which have been reinvested and are expected to be reinvested outside the United States indefinitely. During 2007, the Company incurred an ownership change which generally limits the availability of existing tax attributes, including net operating loss carryforwards to reduce future taxable income. The Company has the following tax attribute carryforwards at December 31, 2014, by jurisdiction (in thousands):
| U.S. |  | Argentina |  | Canada |  | Mexico |  | New Zealand |  | Other |  | Total
Regular net operating losses | 245,683 |  |  | 16,588 |  |  | 1,633 |  |  | 49,747 |  |  | 102,535 |  |  | 22,952 |  |  | 439,138 |
Alternative minimum tax net operating losses | 117,362 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 117,362 |
Capital losses | 91,019 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 91,019 |
Alternative minimum tax credits | 4,142 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,142 |
Foreign tax credits | 52,181 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 52,181 |
The U.S. net operating losses expire from 2019 through 2034 and the Canada net operating losses will expire from 2029 through 2034. The Mexico net operating losses expire from 2017 to 2024, while the remaining net operating losses from the foreign jurisdictions have an indefinite carryforward period. The U.S. capital losses expire in 2015 while the Canada capital losses generally have an indefinite carryforward period. Alternative minimum tax credits do not expire and foreign tax credits expire if unused beginning in 2019.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + 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 Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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