XML 74 R43.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Note 13 - Income Taxes Level 3 (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense [Table Text Block] | The components of our consolidated income tax provision (benefit) from continuing operations are as follows:
| Year Ended December 31,
(In thousands) | 2015 |  | 2014 |  | 2013
Current provision (benefit) | $ | 120 |  |  | $ | (26,575 | ) |  | $ | 352 |
Deferred provision (benefit) | 156,170 |  |  | (825,843 | ) |  | (31,847 | )
Total income tax provision (benefit) | $ | 156,290 |  |  | $ | (852,418 | ) |  | $ | (31,495 | )
Reconciliation of Taxes at Statutory Rate to Provision (Benefit) for Income Taxes [Table Text Block] | The reconciliation of taxes computed at the statutory tax rate of 35% to the provision (benefit) for income taxes on continuing operations is as follows:
| Year Ended December 31,
(In thousands) | 2015 |  | 2014 |  | 2013
Provision (benefit) for income taxes computed at the statutory tax rate | $ | 153,240 |  |  | $ | 142,504 |  |  | $ | (60,671 | )
Change in tax resulting from: |  |  |  |  |  |  |  |
Tax-exempt municipal bond interest and dividends received deduction (net of proration) | (1,085 | ) |  | (1,286 | ) |  | (1,494 | )
Repurchase premium on convertible notes | (6,674 | ) |  | — |  |  | — |
Foreign tax expense (benefit) | 357 |  |  | 270 |  |  | (1 | )
State tax (benefit) expense | (7,619 | ) |  | (451 | ) |  | 949 |
Unrecognized tax expense | 5,233 |  |  | 407 |  |  | 1,696 |
Valuation allowance | 11,931 |  |  | (995,008 | ) |  | 24,546 |
Other, net | 907 |  |  | 1,146 |  |  | 3,480 |
Provision (benefit) for income taxes | $ | 156,290 |  |  | $ | (852,418 | ) |  | $ | (31,495 | )
Schedule of Components of Deferred Tax Assets and Liabilities [Table Text Block] | The significant components of our net deferred tax assets and liabilities from continuing operations are summarized as follows:
| December 31,
(In thousands) | 2015 |  | 2014
DTAs: |  |  |
Accrued expenses | $ | 38,456 |  |  | $ | 60,858 |
Unearned premiums | 87,609 |  |  | 82,800 |
NOL | 342,002 |  |  | 475,095 |
Differences in fair value of financial instruments | 7,767 |  |  | — |
Net unrealized loss on investments | 9,801 |  |  | — |
State and Local NOL Carryforwards | 46,914 |  |  | 34,851 |
Partnership investments | 74,309 |  |  | 74,179 |
Loss reserves | 4,720 |  |  | 6,362 |
Outside basis difference of investment in subsidiary | — |  |  | 14,084 |
Alternative minimum tax credit carryforward | 5,923 |  |  | 2,286 |
Other | 34,241 |  |  | 47,991 |
Total DTAs | 651,742 |  |  | 798,506 |
DTLs: |  |  |  |  |
Convertible and other long-term debt | 16,654 |  |  | 38,750 |
Net unrealized gain on investments | — |  |  | 26,145 |
Depreciation | 6,397 |  |  | — |
Other | 14,516 |  |  | 15,536 |
Total DTLs | 37,567 |  |  | 80,431 |
Less: Valuation allowance | 36,230 |  |  | 17,874 |
Net DTA | $ | 577,945 |  |  | $ | 700,201 |
Summary of Income Tax Contingencies [Table Text Block] | A reconciliation of the beginning and ending unrecognized tax benefits is as follows:
| Year Ended December 31,
(In thousands) | 2015 |  | 2014
Balance at beginning of period | $ | 120,223 |  |  | $ | 119,236 |
Tax positions related to the current year: |  |  |  |  |
Increases | 6,461 |  |  | 2,352 |
Decreases | (336 | ) |  | — |
Tax positions related to prior years: |  |  |  |  |
Increases | 22,734 |  |  | 24,361 |
Decreases | (2,102 | ) |  | (1,546 | )
Lapses of applicable statute of limitation | (22,734 | ) |  | (24,180 | )
Balance at end of period | $ | 124,246 |  |  | $ | 120,223 |
Summary of Income Tax Examinations [Table Text Block] | The following calendar tax years, listed by major jurisdiction, remain subject to examination:
U.S. Federal Corporation Income Tax (1) | 2000 - 2007, 2012 - 2014
Significant State and Local Jurisdictions (2) | 1999 - 2014
_________________________
(1) | For the 2000 through 2007 calendar tax years, we petitioned the U.S. Tax Court to litigate the IRS Notices of Deficiency resulting from the examination of our 2000 through 2007 consolidated federal income tax returns. This litigation relates to the recognition of certain tax benefits associated with our investment in a portfolio of non-economic REMIC residual interests.
(2) | Arizona, California, Florida, Georgia, New York, Ohio, Pennsylvania and New York City.

X
- References No definition available. + 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 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 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (c),(d)(2)-(3) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxExaminationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration