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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Before Income Taxes | Income before income taxes consisted of the following:
|  | Year Ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |
Income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 183,207 |  |  | $ | 162,687 |  |  | $ | 205,521 |
Foreign |  |  | 113,611 |  |  |  | 101,177 |  |  |  | 84,542 |
Total |  | $ | 296,818 |  |  | $ | 263,864 |  |  | $ | 290,063 |
Current and deferred income taxes were as follows:
|  | Year Ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 55,399 |  |  | $ | 97,467 |  |  | $ | 61,732 |
Foreign |  |  | 53,964 |  |  |  | 42,690 |  |  |  | 27,681 |
State |  |  | 8,494 |  |  |  | 10,951 |  |  |  | 6,125 |
Total current expense |  |  | 117,857 |  |  |  | 151,108 |  |  | $ | 95,538 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 12,096 |  |  |  | (30,833 | ) |  | $ | 6,322 |
Foreign |  |  | (6,007 | ) |  |  | 2,653 |  |  |  | (6,437 | )
State |  |  | 1,452 |  |  |  | (9,612 | ) |  |  | 641 |
Total deferred taxes |  |  | 7,541 |  |  |  | (37,792 | ) |  |  | 526 |
Income taxes |  | $ | 125,398 |  |  | $ | 113,316 |  |  | $ | 96,064 |
Reconciliation Between Income Tax Expense and Taxes Computed | A reconciliation between income tax expense and taxes computed by applying the applicable statutory federal income tax rate to income before income taxes follows:
|  | Year Ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |
Computed statutory tax expense |  | $ | 103,886 |  |  | $ | 92,353 |  |  | $ | 101,522 |
Foreign inflation adjustments |  |  | (33 | ) |  |  | 67 |  |  |  | 641 |
State and local income taxes, net of federal income tax impact |  |  | 7,456 |  |  |  | 789 |  |  |  | 4,549 |
Foreign losses not benefited and other changes in valuation allowance |  |  | (711 | ) |  |  | (2,052 | ) |  |  | (275 | )
Foreign tax rate differential |  |  | (1,545 | ) |  |  | (336 | ) |  |  | (2,125 | )
Foreign dividends |  |  | 10,576 |  |  |  | 3,294 |  |  |  | 1,083 |
Sale of Mexican subsidiaries and related changes in intangible assets |  |  | — |  |  |  | 21,406 |  |  |  | (10,065 | )
Changes in uncertain tax positions |  |  | 13,729 |  |  |  | (2,024 | ) |  |  | (1,540 | )
Other — net |  |  | (7,960 | ) |  |  | (181 | ) |  |  | 2,274 |
Income taxes |  | $ | 125,398 |  |  | $ | 113,316 |  |  | $ | 96,064 |
Tax Effects of Significant Temporary Differences and Tax Loss and Tax Credit Carryforwards | The tax effects of significant temporary differences and tax loss and tax credit carryforwards comprising the net long-term deferred income tax liabilities as of December 31, 2013 and 2014 consisted of the following:
|  | December 31, |
|  | 2013 |  |  | 2014 |
Deferred liabilities: |  |  |  |  |  |  |  |
Theatre properties and equipment |  | $ | 126,794 |  |  | $ | 127,010 |
Tax impact of items in other comprehensive income (loss) |  |  | — |  |  |  | 55 |
Deferred intercompany sales |  |  | 12,398 |  |  |  | — |
Intangible asset — other |  |  | 25,761 |  |  |  | 29,342 |
Intangible asset — tradenames |  |  | 122,129 |  |  |  | 111,726 |
Investment in partnerships |  |  | 113,038 |  |  |  | 111,328 |
Total deferred liabilities |  |  | 400,120 |  |  |  | 379,461 |
Deferred assets: |  |  |  |  |  |  |  |
Deferred lease expenses |  |  | 27,811 |  |  |  | 27,341 |
Deferred revenue — NCM |  |  | 124,408 |  |  |  | 124,366 |
Capital lease obligations |  |  | 79,064 |  |  |  | 73,306 |
Tax impact of items in other comprehensive income (loss) |  |  | 3,183 |  |  |  | — |
Tax loss carryforwards |  |  | 7,653 |  |  |  | 7,764 |
Alternative minimum tax and other credit carryforwards |  |  | 20,725 |  |  |  | 43,384 |
Other expenses, not currently deductible for tax purposes |  |  | 33,307 |  |  |  | 25,807 |
Total deferred assets |  |  | 296,151 |  |  |  | 301,968 |
Net deferred income tax liability before valuation allowance |  |  | 103,969 |  |  |  | 77,493 |
Valuation allowance against deferred assets — current |  |  | — |  |  |  | 2,384 |
Valuation allowance against deferred assets — non-current |  |  | 25,711 |  |  |  | 50,489 |
Net deferred income tax liability |  | $ | 129,680 |  |  | $ | 130,366 |
Net deferred tax liability — Foreign |  | $ | 21,729 |  |  | $ | 12,213 |
Net deferred tax liability — U.S. |  |  | 107,951 |  |  |  | 118,153 |
Total |  | $ | 129,680 |  |  | $ | 130,366 |
Reconciliation of Total Amounts of Unrecognized Tax Benefits Excluding Interest and Penalties | The following is a reconciliation of the total amounts of unrecognized tax benefits excluding interest and penalties, for the years ended December 31, 2012, 2013 and 2014:
|  | Year Ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |
Balance at January 1, |  | $ | 18,660 |  |  | $ | 33,222 |  |  | $ | 18,780 |
Gross increases — tax positions in prior periods |  |  | 14,462 |  |  |  | 413 |  |  |  | 10 |
Gross decreases — tax positions in prior periods |  |  | (3,321 | ) |  |  | — |  |  |  | (2,379 | )
Gross increases — current period tax positions |  |  | 3,672 |  |  |  | 1,476 |  |  |  | 1,324 |
Gross decreases — current period tax positions |  |  | — |  |  |  | — |  |  |  | — |
Settlements |  |  | — |  |  |  | (15,444 | ) |  |  | (963 | )
Foreign currency translation adjustments |  |  | (251 | ) |  |  | (887 | ) |  |  | (257 | )
Balance at December 31, |  | $ | 33,222 |  |  | $ | 18,780 |  |  | $ | 16,515 |

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- 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
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- 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
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- 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
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- 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
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