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Note 7 - Income Taxes | 3 Months Ended
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Mar. 31, 2013
Income Tax Disclosure [Text Block] |
7. | Income Taxes
The Company and its subsidiaries file U.S. federal and various U.S. state income tax returns. Current income tax expense (benefit) represents federal and state taxes based on tax paid or expected to be payable for the periods shown in the statement of operations. The income tax expense (benefit) in the accompanying condensed consolidated financial statements consists of the following (amounts in thousands):
|  | Three Months Ended March 31, |
|  | 2013 |  |  | 2012 |
Current tax benefit |  | $ | (2,661 | ) |  | $ | (1,025 | )
Deferred tax benefit |  |  | (139 | ) |  |  | (2,951 | )
Total tax benefit |  | $ | (2,800 | ) |  | $ | (3,976 | )
The deferred tax benefit in the three months ended March 31, 2013 reflects, among other temporary timing differences, the impact of lower tax depreciation than book depreciation offset by the impact of the amortization of goodwill for tax purposes. The deferred tax benefit in the three months ended March 31, 2012 primarily reflects the impact of $2.4 million related to the $6.7 million increase in the net income attributable to RLW’s noncontrolling interests for the amendment discussed in Note 9. The 2013 deferred income tax benefit is expected to be deductible in future years. The income tax benefit differs from the amounts using the statutory federal income tax rate of 35% for the following reasons (amounts in thousands, except for percentages):
|  | 2013 |  |  | 2012 |
|  | Amount |  |  | % |  |  | Amount |  |  | % |
Tax benefit at the U.S. federal statutory rate |  | $ | (2,526 | ) |  |  | 35.0 | % |  | $ | (1,323 | ) |  |  | 35.0 | %
State franchise and income tax based on income, net of refunds and federal benefits |  |  | (115 | ) |  |  | 1.6 |  |  |  | (15 | ) |  |  | 0.4 |
Taxes on subsidiaries’ and joint ventures’ earnings allocated to noncontrolling ownership interests |  |  | (59 | ) |  |  | 0.8 |  |  |  | (2,694 | ) |  |  | 71.2 |
Non-taxable interest income |  |  | (80 | ) |  |  | 1.1 |  |  |  | (122 | ) |  |  | 3.2 |
Other permanent differences |  |  | (20 | ) |  |  | 0.3 |  |  |  | 178 |  |  |  | (4.6 | )
Income tax benefit |  | $ | (2,800 | ) |  |  | 38.8 | % |  | $ | (3,976 | ) |  |  | 105.2 | %
As a result of the Company’s analysis, management has determined that the Company does not have any material uncertain tax positions.

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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 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 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=6881521&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 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 5: 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 6: 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 7: 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 8: 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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