XML 82 R63.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes (Details) (USD $)
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Current                      
Federal                 $ 237,349,000 $ 141,305,000 $ 13,434,000
State                 25,369,000 7,972,000 1,262,000
Total current                 262,718,000 149,277,000 14,696,000
Deferred                      
Federal                 (39,857,000) 40,350,000 808,000
State                 2,723,000 19,936,000 (1,721,000)
Total deferred                 (37,134,000) 60,286,000 (913,000)
Total income tax expense 16,613,000 127,618,000 91,099,000 (9,746,000) 37,103,000 68,603,000 76,738,000 27,119,000 225,584,000 209,563,000 13,783,000
Statutory federal income tax rate (as a percent)                 35.00%    
Reconciliation of total income tax expense (benefit) to income tax expense (benefit) computed by applying the statutory federal income tax rate (35%) to pre-tax income (loss)                      
Tax computed at federal statutory rate                 223,361,000 205,843,000 9,826,000
State income taxes, net of federal tax benefit                 23,910,000 20,600,000 1,923,000
State tax incentives, net of federal tax expense                 (5,355,000) (3,174,000) (2,382,000)
Domestic production activities deduction                 (16,467,000) (10,562,000) (2,025,000)
Non-deductible share-based compensation                 7,256,000 2,000,000 6,747,000
Non-deductible transaction costs                 4,208,000    
IRS interest (income)/expense, net                 93,000 34,000 (814,000)
Noncontrolling interest                 (11,895,000) (11,474,000)  
Partnership basis adjustment                   4,174,000  
Other, net                 473,000 2,122,000 508,000
Total income tax expense 16,613,000 127,618,000 91,099,000 (9,746,000) 37,103,000 68,603,000 76,738,000 27,119,000 225,584,000 209,563,000 13,783,000
Deferred income tax assets:                      
Allowance for doubtful accounts 751,000       475,000       751,000 475,000  
Personnel accruals 12,925,000       6,437,000       12,925,000 6,437,000  
Inventories 3,606,000       2,097,000       3,606,000 2,097,000  
Unrealized derivative losses, net 26,206,000               26,206,000    
Accrued expenses 2,080,000       101,000       2,080,000 101,000  
State tax credit carryforward, net of federal expense 14,425,000       17,682,000       14,425,000 17,682,000  
Contingent liabilities 10,845,000               10,845,000    
Deferred financing         76,000         76,000  
Other 2,050,000       2,695,000       2,050,000 2,695,000  
Total gross deferred income tax assets 72,888,000       29,563,000       72,888,000 29,563,000  
Deferred income tax liabilities:                      
Unrealized derivative gains, net         (31,990,000)         (31,990,000)  
Property, plant, and equipment (282,219,000)       (224,452,000)       (282,219,000) (224,452,000)  
Investment in CVR Partners (109,701,000)       (134,920,000)       (109,701,000) (134,920,000)  
Deferred financing (1,046,000)               (1,046,000)    
Prepaid expenses (9,439,000)       (4,945,000)       (9,439,000) (4,945,000)  
Total gross deferred income tax liabilities (402,405,000)       (396,307,000)       (402,405,000) (396,307,000)  
Net deferred income tax liabilities (329,517,000)       (366,744,000)       (329,517,000) (366,744,000)  
American Entertainment Properties Corp
                      
Kansas High Performance Incentive Program (HPIP) credits                      
Receivable under the federal tax sharing agreement 9,200,000               9,200,000    
Federal taxes paid to AEPC under the Tax Sharing Agreement                 150,700,000    
Kansas
                      
Kansas High Performance Incentive Program (HPIP) credits                      
Net income tax benefit recognized from Kansas High Performance Incentive Program                 4,500,000 3,200,000 2,400,000
Kansas High Performance Incentive Program (HPIP) credits for qualified business facility investment earned                 6,900,000 4,900,000 3,700,000
Oklahoma
                      
Kansas High Performance Incentive Program (HPIP) credits                      
Net income tax benefit recognized from qualified manufacturing facility investment                 900,000    
Qualified manufacturing facility investment credit earned                 $ 1,300,000