XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Taxes on Income (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Taxes on Income [Abstract] |
Earnings Before Taxes | Earnings before taxes on income and details of the provision for taxes on income for the years ended December 31, 2015, 2014 and 2013 were as follows (in thousands):
|  | 2015 |  |  | 2014 |  |  | 2013 |
Earnings before taxes on income — United States |  | $ | 361,712 |  |  | $ | 454,390 |  |  | $ | 408,678 |
Provision for taxes on income: |  |  |  |  |  |  |  |  |  |  |  |
Federal: |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 64,707 |  |  | $ | 81,953 |  |  | $ | 41,008 |
Deferred |  |  | 59,582 |  |  |  | 72,920 |  |  |  | 97,586 |
State and local |  |  | 9,453 |  |  |  | 14,909 |  |  |  | 13,785 |
|  | $ | 133,742 |  |  | $ | 169,782 |  |  | $ | 152,379 |
Schedule of Effective Income Tax Rate Reconciliation | The Company’s provision for taxes on income varied from the statutory federal income tax rate for the years ended December 31, 2015, 2014 and 2013 due to the following:
|  | 2015 |  |  | 2014 |  |  | 2013 |
United States income tax statutory rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State and local taxes, net of federal benefit |  |  | 1.7 |  |  |  | 2.2 |  |  |  | 2.2 |
Other – net |  |  | .3 |  |  |  | .2 |  |  |  | .1 |
|  |  | 37.0 | % |  |  | 37.4 | % |  |  | 37.3 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the current deferred tax assets and non-current deferred tax assets and liabilities at December 31, 2015 and 2014 were as follows (in thousands):
|  | 2015 |  |  | 2014 |
Current deferred tax assets: |  |  |  |  |  |
Compensated absences |  | $ | 829 |  |  | $ | 854 |
Allowance for doubtful accounts |  |  | 3,288 |  |  |  | 3,111 |
Insurance accruals |  |  | 4,234 |  |  |  | 2,858 |
Other |  |  | 3,372 |  |  |  | 3,739 |
|  | $ | 11,723 |  |  | $ | 10,562 |
Non-current deferred tax assets and liabilities: |  |  |  |  |  |  |  |
Deferred tax assets: |  |  |  |  |  |  |  |
Postretirement health care benefits |  | $ | 2,501 |  |  | $ | 2,795 |
Insurance accruals |  |  | 3,410 |  |  |  | 3,325 |
Deferred compensation |  |  | 10,534 |  |  |  | 10,157 |
Unrealized loss on defined benefit plans |  |  | 25,245 |  |  |  | 34,501 |
Operating loss carryforwards |  |  | 5,188 |  |  |  | 5,219 |
Other |  |  | 20,702 |  |  |  | 20,687 |
Valuation allowances |  |  | (4,716 | ) |  |  | (4,704 | )
|  |  | 62,864 |  |  |  | 71,980 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property |  |  | (604,737 | ) |  |  | (547,388 | )
Deferred state taxes |  |  | (53,542 | ) |  |  | (49,503 | )
Pension benefits |  |  | (8,471 | ) |  |  | (11,198 | )
Goodwill and other intangibles |  |  | (44,185 | ) |  |  | (37,936 | )
Other |  |  | (21,737 | ) |  |  | (21,724 | )
|  |  | (732,672 | ) |  |  | (667,749 | )
|  | $ | (669,808 | ) |  | $ | (595,769 | )
Reconciliation of Liability for Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of the liability for unrecognized tax benefits for the years ended December 31, 2015, 2014 and 2013, is as follows (in thousands):
|  | 2015 |  |  | 2014 |  |  | 2013 |
Balance at beginning of year |  | $ | 1,171 |  |  | $ | 949 |  |  | $ | 1,045 |
Additions based on tax positions related to the current year |  |  | 339 |  |  |  | 470 |  |  |  | 239 |
Additions for tax positions of prior years |  |  | 785 |  |  |  | 39 |  |  |  | 114 |
Reductions for tax positions of prior years |  |  | (337 | ) |  |  | (287 | ) |  |  | (413 | )
Settlements |  |  | — |  |  |  | — |  |  |  | (36 | )
Balance at end of year |  | $ | 1,958 |  |  | $ | 1,171 |  |  | $ | 949 |

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 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 income before income tax between domestic and foreign jurisdictions. + References Reference 1: 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)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
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