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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

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,
		2015				2014			2013
		(In thousands)
Earnings from continuing operations before income taxes:
United States		$	408,757			275,630			302,809
Foreign		60,458				62,637			66,206
Total		$	469,215			338,267			369,015
Current tax expense (benefit) from continuing operations:
Federal (1)		$	(1,836	)		(230	)		234
State (1)		5,748				6,396			4,194
Foreign		5,272				7,163			7,691
		9,184				13,329			12,119
Deferred tax expense from continuing operations:
Federal		135,585				90,056			98,076
State		20,111				12,429			15,399
Foreign		(1,654		)		2,228			146
		154,042				104,713			113,621
Provision for income taxes from continuing operations		$	163,226			118,042			125,740

______________ 

(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 from continuing operations

A reconciliation of the federal statutory tax rate with the effective tax rate from continuing operations follows:

		Years ended December 31,
		2015			2014			2013
		(Percentage of pre-tax earnings)
Federal statutory tax rate		35.0			35.0			35.0
Impact on deferred taxes for changes in tax rates		(0.9	)		(0.9	)		0.1
State income taxes, net of federal income tax benefit		5.0			5.2			4.0
Foreign rates varying from federal statutory tax rate		(3.3	)		(3.7	)		(4.1	)
Tax reviews and audits		(1.3	)		(1.1	)		(0.8	)
Other, net		0.3			0.4			(0.1	)
Effective tax rate		34.8			34.9			34.1

Summary of the increases (decreases) to net earnings from continuing operations from changes in tax laws

The following provides a summary of the increases (decreases) to net earnings from continuing operations from changes in tax laws by tax jurisdiction:

Tax Jurisdiction		Enactment Date		Net Earnings
				(in thousands)
2015
Connecticut		June 30, 2015		$1,616
Other Jurisdictions		April 13, 2015 - November 18, 2015		$497
2014
New York		March 31, 2014		$1,776
Rhode Island		June 19, 2014		$626
2013
Puerto Rico		June 30, 2013		$(503)
United Kingdom		July 17, 2013		$485

Components of net deferred income tax liability

The components of the net deferred income tax liability were as follows:

		December 31,
		2015				2014
		(In thousands)
Deferred income tax assets:
Self-insurance accruals		$	93,352			81,908
Net operating loss carryforwards		429,458				377,740
Alternative minimum taxes		10,727				10,727
Accrued compensation and benefits		76,363				68,626
Federal benefit on state tax positions		18,912				18,847
Pension benefits		148,671				157,082
Miscellaneous other accruals		32,763				33,090
		810,246				748,020
Valuation allowance		(14,991		)		(24,742	)
		795,255				723,278
Deferred income tax liabilities:
Property and equipment bases difference		(2,362,194		)		(2,149,574	)
Other		(20,583		)		(16,996	)
		(2,382,777		)		(2,166,570	)
Net deferred income tax liability		$	(1,587,522	)		(1,443,292	)

Summary of activity related to unrecognized tax benefits

The following table summarizes the activity related to unrecognized tax benefits (excluding the federal benefit received from state positions):

		December 31,
		2015				2014			2013
		(In thousands)
Balance at January 1		$	60,482			56,813			52,271
Additions based on tax positions related to the current year		4,220				6,896			7,606
Reductions due to lapse of applicable statutes of limitation		(3,962		)		(3,227	)		(3,064	)
Gross balance at December 31		60,740				60,482			56,813
Interest and penalties		4,912				5,125			5,756
Balance at December 31		$	65,652			65,607			62,569

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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.

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