v2.4.0.6

Income Taxes | 12 Months Ended
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Dec. 31, 2011
Income Taxes [Abstract] |
Income Taxes | 13. Income Taxes The components of income (loss) before income taxes are as follows:
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Domestic |  | $ | 404,422 |  |  | $ | 339,382 |  |  | $ | 72,079 |
Foreign |  |  | (2,990 | ) |  |  | 3,578 |  |  |  | 6,674 |
|  | $ | 401,432 |  |  | $ | 342,960 |  |  | $ | 78,753 |
The Company's provision for (benefit from) income taxes consists of the following:
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 120,018 |  |  | $ | 97,822 |  |  | $ | (3,049 | )
State |  |  | 8,729 |  |  |  | 8,128 |  |  |  | (2,306 | )
Foreign |  |  | (395 | ) |  |  | 1,464 |  |  |  | (94 | )
|  |  | 128,352 |  |  |  | 107,414 |  |  |  | (5,449 | )
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 6,732 |  |  |  | 7,083 |  |  |  | 29,824 |
State |  |  | 7,682 |  |  |  | 6,829 |  |  |  | 660 |
Foreign |  |  | (300 | ) |  |  | 241 |  |  |  | 723 |
|  |  | 14,114 |  |  |  | 14,153 |  |  |  | 31,207 |
Total provision |  | $ | 142,466 |  |  | $ | 121,567 |  |  | $ | 25,758 |
A reconciliation of taxes computed at the statutory rate to the Company's income tax expense is as follows:
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Provision for federal income tax at statutory rate |  | $ | 140,501 |  |  | $ | 120,036 |  |  | $ | 27,563 |
State income tax provision net of federal income tax effect |  |  | 10,745 |  |  |  | 9,372 |  |  |  | 462 |
Foreign tax |  |  | (695 | ) |  |  | 1,705 |  |  |  | 629 |
Foreign losses (earnings) |  |  | 1,047 |  |  |  | (1,252 | ) |  |  | (2,336 | )
Manufacturing deduction |  |  | (9,905 | ) |  |  | (8,750 | ) |  |  | — |
Contingent tax liability |  |  | (20 | ) |  |  | (411 | ) |  |  | (1,004 | )
Other, net |  |  | 793 |  |  |  | 867 |  |  |  | 444 |
|  | $ | 142,466 |  |  | $ | 121,567 |  |  | $ | 25,758 |
The tax effects of the principal temporary differences between financial reporting and income tax reporting at December 31 are as follows:
|  | 2011 |  |  | 2010 |
Net operating loss carryforward |  | $ | 13,958 |  |  | $ | 15,018 |
Credit carryforward |  |  | 769 |  |  |  | 1,729 |
Accruals |  |  | 29,002 |  |  |  | 24,693 |
Allowance for doubtful accounts |  |  | 1,329 |  |  |  | 878 |
Inventories |  |  | 7,321 |  |  |  | 6,893 |
Other |  |  | 5,900 |  |  |  | 6,119 |
Deferred taxes assets—total |  |  | 58,279 |  |  |  | 55,330 |
Property, plant and equipment |  |  | (344,535 | ) |  |  | (328,635 | )
Turnaround costs |  |  | (11,073 | ) |  |  | (13,091 | )
Other |  |  | (914 | ) |  |  | (795 | )
Deferred tax liabilities—total |  |  | (356,522 | ) |  |  | (342,521 | )
Valuation allowance |  |  | (12,937 | ) |  |  | (11,039 | )
Total net deferred tax liabilities |  | $ | (311,180 | ) |  | $ | (298,230 | )
Balance sheet classifications |  |  |  |  |  |  |  |
Current deferred tax asset |  | $ | 19,611 |  |  | $ | 17,288 |
Deferred tax liability |  |  | (330,791 | ) |  |  | (315,518 | )
Total net deferred tax liabilities |  | $ | (311,180 | ) |  | $ | (298,230 | )
At December 31, 2011, the Company had foreign and state net operating loss carryforwards of approximately $294,929, which will expire in varying amounts between 2012 and 2030 and are subject to certain limitations on an annual basis. Management believes the Company will realize the benefit of the net operating loss carryforwards before they expire, but to the extent that the full benefit may not be realized, a net operating loss valuation allowance has been recorded. The valuation allowance increased by $1,898 in 2011 due to additional current year losses not expected to be realized. Applicable U.S. deferred income taxes and related foreign dividend withholding taxes have not been provided on approximately $13,223 of undistributed earnings and profits of the Company's foreign corporate joint venture and foreign subsidiaries. The Company considers such earnings to be permanently reinvested outside the United States. The types of events that would cause the earnings to be subject to tax are a taxable remittance or restructuring. It is not practical to estimate the amount of deferred income taxes associated with these earnings. The gross unrecognized tax benefits at December 31 are as follows:
|  | 2011 |  |  | 2010 |  |  | 2009 |
Beginning balance |  | $ | 3,141 |  |  | $ | 4,873 |  |  | $ | 5,054 |
Additions based on tax position related to current year |  |  | — |  |  |  | — |  |  |  | 678 |
(Reductions) additions for tax positions for prior years |  |  | — |  |  |  | (26 | ) |  |  | 711 |
Reductions due to tax settlements |  |  | — |  |  |  | (1,389 | ) |  |  | — |
Reductions due to statutes of limitations expiring |  |  | (19 | ) |  |  | (317 | ) |  |  | (1,570 | )
Ending balance |  | $ | 3,122 |  |  | $ | 3,141 |  |  | $ | 4,873 |
Management anticipates no material reductions to the total amount of gross unrecognized tax benefits within the next twelve months. The Company recognizes penalties and interest accrued related to unrecognized tax benefits in income tax expense. As of December 31, 2011, the Company had no material accrued interest and penalties related to uncertain tax positions. The Company files income tax returns in the U.S. federal jurisdiction, various states and foreign jurisdictions. The Company is no longer subject to examinations by tax authorities before the year 2005. In January 2012, the Internal Revenue Service completed the audit of the Company for the 2009 tax year with no assessment.

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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 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -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. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -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. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 5: 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 Reference 6: 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 7: 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 8: 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=6881521&loc=d3e23780-122690 + Details
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