XML 97 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Tax Benefit from Continuing Operations

The following is an analysis of the consolidated income tax benefit from continuing operations:

		2012				2013				2014
		(In thousands)
Current		$	(162	)		$	134			$	(12	)
Deferred			(50,472	)			(56,291	)			(24,677	)
		$	(50,634	)		$	(56,157	)		$	(24,689	)

Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation

Deferred income taxes are provided to reflect the future tax consequences or benefits of differences between the tax basis of assets and liabilities and their reported amounts in the financial statements using enacted tax rates. The difference between the Company's customary rate of 35% and the effective tax rate on income from continuing operations is due to the following:

		2012				2013				2014
		(In thousands)
Tax benefit at statutory rate		$	(53,799	)		$	(57,008	)		$	(28,630	)
Tax effect of:
Nondeductible compensation			2,545				1,545				756
State taxes, net of federal tax benefit and    valuation allowance			410				(799	)			2,979
Other			210				105				206
Total		$	(50,634	)		$	(56,157	)		$	(24,689	)

Difference Between Customary Rate and Effective Tax Rate on Income Before Income Taxes Due

		2012				2013				2014
Statutory rate			35.0	%			35.0	%			35.0	%
Tax effect of:
Nondeductible compensation			(1.7	)			(0.9	)			(0.9	)
State taxes, net of federal tax benefit and    valuation allowance			(0.3	)			0.5				(3.6	)
Other			(0.1	)			(0.1	)			(0.3	)
Effective tax rate			32.9	%			34.5	%			30.2	%

Tax Effects of Significant Temporary Differences Representing Net Deferred Tax Asset and Liability

The tax effects of significant temporary differences representing the net deferred tax asset and liability at December 31, 2013 and 2014 were as follows:

		2013				2014
		(In thousands)
Current deferred tax liabilities:
Derivative financial instruments		$	(339	)		$	—
Net current deferred tax liability			(339	)			—
Noncurrent deferred tax assets (liabilities):
Property and equipment			(238,361	)			(259,222	)
Other assets			8,221				7,854
Net operating loss carryforwards			70,207				126,026
Alternative minimum tax carryforward			21,178				20,435
Valuation allowance on net operating loss carryforwards			(35,507	)			(46,639	)
Other			(2,764	)			(3,001	)
Net noncurrent deferred tax liability			(177,026	)			(154,547	)
Net deferred tax liability		$	(177,365	)		$	(154,547	)

Carryforwards Available to Reduce Future Income Taxes

At December 31, 2014, Comstock had the following carryforwards available to reduce future income taxes:

Types of Carryforward			Years of Expiration Carryforward		Amount
					(In thousands)
Net operating loss - U.S. federal			2017 – 2033		$	212,769
Net operating loss - Louisiana			2015 – 2028		$	991,483
Alternative minimum tax credits			Unlimited		$	20,435

X

- Definition

Income tax expense amount continuing operations income tax reconciliation.

+ References

No definition available.

+ Details

Name:	crk_IncomeTaxExpenseAmountContinuingOperationsIncomeTaxReconciliationTableTextBlock
Namespace Prefix:	crk_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ 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

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Carryforwards

-URI http://asc.fasb.org/extlink&oid=6506874



Reference 2: 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

Name:	us-gaap_SummaryOfTaxCreditCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration