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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2012
Income Tax Disclosure [Abstract] |
Components of earnings from continuing operations before income taxes | The components of earnings from continuing operations before income taxes and the provision for income taxes from continuing operations were as follows:
|  | Years ended December 31,
|  | 2012 |  | 2011 |  | 2010
|  | (In thousands)
Earnings from continuing operations before income taxes: |  |  |  |  |  |
United States |  | $ | 241,672 |  |  | 223,209 |  |  | 156,123 |
Foreign |  | 61,445 |  |  | 56,178 |  |  | 30,182 |
Total |  | $ | 303,117 |  |  | 279,387 |  |  | 186,305 |
Current tax expense (benefit) from continuing operations: |  |  |  |  |  |
Federal (1) |  | $ | (4,157 | ) |  | 1,615 |  |  | 4,536 |
State (1) |  | 11,514 |  |  | 7,785 |  |  | 4,468 |
Foreign |  | 7,759 |  |  | 8,603 |  |  | 11,596 |
|  | 15,116 |  |  | 18,003 |  |  | 20,600 |
Deferred tax expense (benefit) from continuing operations: |  |  |  |  |  |
Federal |  | 77,819 |  |  | 67,849 |  |  | 38,179 |
State |  | 3,871 |  |  | 17,247 |  |  | 7,198 |
Foreign |  | 5,412 |  |  | 4,920 |  |  | (4,280 | )
|  | 87,102 |  |  | 90,016 |  |  | 41,097 |
Provision for income taxes from continuing operations |  | $ | 102,218 |  |  | 108,019 |  |  | 61,697 |
______________
(1) | Excludes federal and state tax benefits resulting from the exercise of stock options and vesting of restricted stock awards, which were credited directly to “Additional paid-in capital.”
Reconciliation of federal statutory tax rate with effective tax rate | A reconciliation of the federal statutory tax rate with the effective tax rate from continuing operations follows:
|  | Years ended December 31,
|  | 2012 |  | 2011 |  | 2010
|  | (Percentage of pre-tax earnings)
Federal statutory tax rate |  | 35.0 |  |  | 35.0 |  |  | 35.0 |
Impact on deferred taxes for changes in tax rates |  | 0.5 |  |  | 2.6 |  |  | 0.4 |
State income taxes, net of federal income tax benefit |  | 4.4 |  |  | 3.9 |  |  | 4.6 |
Tax reviews and audits |  | (2.9 | ) |  | (0.9 | ) |  | (7.0 | )
Miscellaneous items, net |  | (3.3 | ) |  | (1.9 | ) |  | 0.1 |
Effective tax rate |  | 33.7 |  |  | 38.7 |  |  | 33.1 |
Changes in tax laws on net earnings from continuing operations and net earnings per diluted common share | The following provides a summary of the impact of changes in tax laws on net earnings from continuing operations by tax jurisdiction:
Tax Jurisdiction |  | Enactment Date |  | Net Earnings
|  |  |  | (in thousands)
2012 |  |  |  |
United Kingdom |  | July 17, 2012 |  | $(856)
Canada |  | June 20, 2012 |  | $(671)
2011 |  |  |  |
State of Michigan |  | May 25, 2011 |  | $(5,350)
State of Illinois |  | January 13, 2011 |  | $(1,221)
2010 |  |  |  |
United Kingdom |  | July 27, 2010 |  | $400
Components of deferred income tax assets and liabilities | The components of the net deferred income tax liability were as follows:
|  | December 31,
|  | 2012 |  | 2011
|  | (In thousands)
Deferred income tax assets: |  |  |  |
Self-insurance accruals |  | $ | 52,177 |  |  | 37,296 |
Net operating loss carryforwards |  | 258,808 |  |  | 275,124 |
Alternative minimum taxes |  | 9,679 |  |  | 9,679 |
Accrued compensation and benefits |  | 61,095 |  |  | 67,323 |
Federal benefit on state tax positions |  | 17,925 |  |  | 18,847 |
Pension benefits |  | 204,069 |  |  | 179,159 |
Miscellaneous other accruals |  | 39,708 |  |  | 38,588 |
|  | 643,461 |  |  | 626,016 |
Valuation allowance |  | (38,182 | ) |  | (41,324 | )
|  | 605,279 |  |  | 584,692 |
Deferred income tax liabilities: |  |  |  |
Property and equipment bases difference |  | (1,734,508 | ) |  | (1,649,494 | )
Other items |  | (18,716 | ) |  | (25,265 | )
|  | (1,753,224 | ) |  | (1,674,759 | )
Net deferred income tax liability (1) |  | $ | (1,147,945 | ) |  | (1,090,067 | )
______________
(1) | Deferred tax assets of $29 million and $31 million have been included in “Prepaid expenses and other current assets” at December 31, 2012 and 2011, respectively.
Unrecognized tax benefits | The following table summarizes the activity related to unrecognized tax benefits (excluding the federal benefit received from state positions):
|  | December 31,
|  | 2012 |  | 2011 |  | 2010
|  | (In thousands)
Balance at January 1 |  | $ | 62,247 |  |  | 61,236 |  |  | 69,494 |
Additions based on tax positions related to the current year |  | 3,980 |  |  | 3,776 |  |  | 4,233 |
Settlements |  | — |  |  | — |  |  | (8,280 | )
Reductions due to lapse of applicable statute of limitations |  | (13,956 | ) |  | (2,765 | ) |  | (4,211 | )
Gross balance at December 31 |  | 52,271 |  |  | 62,247 |  |  | 61,236 |
Interest and penalties |  | 5,319 |  |  | 6,933 |  |  | 5,858 |
Balance at December 31 |  | $ | 57,590 |  |  | 69,180 |  |  | 67,094 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: 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 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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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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