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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2013
Income Taxes |
Summary of Income (Loss) Before Taxes |
|  | U.S. |  | Foreign |  |  |
Year ended December 31, |  | Operations |  | Operations |  | Total |
|  | (in thousands) |
2013 |  | $ | 127,682 |  | $ | 11,933 |  | $ | 139,615 |
2012 |  | $ | (271,683 | ) | $ | 3,841 |  | $ | (267,842 | )
2011 |  | $ | 133,501 |  | $ | 3,546 |  | $ | 137,047 |
(Benefit) Provision for Income Taxes |
|  | Year ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
|  | (in thousands) |
Current expense: |  |  |  |  |  |  |
Federal |  | $ | 29,034 |  | $ | 19,573 |  | $ | 30,848 |
State |  | 9,018 |  | 3,508 |  | 6,303 |
Foreign |  | 4,256 |  | 1,542 |  | 1,325 |
Total current |  | 42,308 |  | 24,623 |  | 38,476 |
Deferred (benefit) expense: |  |  |  |  |  |  |
Federal |  | 9,547 |  | (28,157 | ) | 16,351 |
State |  | 577 |  | 1,104 |  | (3,718 | )
Foreign |  | (113 | ) | (12 | ) | (210 | )
Total deferred |  | 10,011 |  | (27,065 | ) | 12,423 |
Total (benefit) provision |  | $ | 52,319 |  | $ | (2,442 | ) | $ | 50,899 |
Reconciliation of Provision (Benefit) for Income Taxes |
|  | 2013 |  | 2012 |  | 2011 |
|  | Amount |  | Rate |  | Amount |  | Rate |  | Amount |  | Rate |
|  | (dollars in thousands) |
Federal income expense (benefit) at statutory tax rate |  | $ | 48,865 |  | 35.0 | % | $ | (93,745 | ) | 35.0 | % | $ | 47,963 |  | 35.0 | %
State income taxes, net of federal tax benefit |  | 6,236 |  | 4.5 |  | 3,214 |  | (1.2 | ) | 2,529 |  | 1.8 |
Officers’ compensation |  | 1,732 |  | 1.2 |  | 1,473 |  | (0.6 | ) | 224 |  | 0.2 |
Domestic Production Activities Deduction |  | (3,641 | ) | (2.6 | ) | (2,246 | ) | (2.4 | ) | (2,321 | ) | (4.8 | )
Goodwill Impairment |  | — |  | — |  | 89,191 |  | (33.3 | ) | — |  | — |
Other |  | (873 | ) | (0.6 | ) | (329 | ) | 3.4 |  | 2,504 |  | 4.9 |
(Benefit) provision for income taxes |  | $ | 52,319 |  | 37.5 | % | $ | (2,442 | ) | 0.9 | % | $ | 50,899 |  | 37.1 | %
Significant Components of Deferred Tax Assets and Liabilities |
|  | December 31, |
|  | 2013 |  | 2012 |
|  | (in thousands) |
Deferred Tax Assets |  |  |  |  |
Timing of expense recognition |  | $ | 24,170 |  | $ | 28,448 |
Net operating losses |  | 4,123 |  | 5,517 |
Other, net |  | 5,641 |  | 8,763 |
Deferred tax assets |  | 33,934 |  | 42,728 |
Valuation Allowance |  | (2,817 | ) | (2,817 | )
Net deferred tax assets |  | 31,117 |  | 39,911 |
Deferred Tax Liabilities |  |  |  |  |
Intangible assets, due primarily to purchase accounting |  | (18,260 | ) | (26,768 | )
Fixed assets, due primarily to purchase accounting |  | (79,243 | ) | (76,095 | )
Construction contract accounting |  | (6,432 | ) | (5,613 | )
Joint ventures - construction |  | (5,229 | ) | (7,038 | )
Contested Legal Settlement |  | (12,012 | ) | — |
Other |  | (3,408 | ) | (390 | )
Deferred tax liabilities |  | (124,584 | ) | (115,904 | )
Net deferred tax liability |  | $ | (93,467 | ) | $ | (75,993 | )
T h e net deferred tax liability is class i fied in the C o ns olidated Balance Sheets based on w hen the f utu re ben e fit (ex pense) is e x pected to be r ealized as f ollo w s:
|  | December 31, |
|  | 2013 |  | 2012 |
|  | (in thousands) |
Current deferred tax asset |  | $ | 8,240 |  | $ | 10,071 |
Long-term deferred tax asset |  | 22,877 |  | 29,840 |
Current deferred tax liability |  | (10,251 | ) | (6,004 | )
Long-term deferred tax liability |  | (114,333 | ) | (109,900 | )
Net deferred tax liability |  | $ | (93,467 | ) | $ | (75,993 | )
Reconciliation of Gross Unrecognized Tax Benefit | A reconciliation of the beginning and ending amount of the gross unrecognized tax benefit is as follows (in thousands):
Gross unrecognized tax benefit balance at January 1, 2011: |  | $ | 1,150 |
Add: |  |  |
Additions based on tax positions related to current year |  | 875 |
Additions/reductions for tax positions of prior years |  | 47 |
Less: |  |  |
Reductions for tax positions of prior years (expiration of statute of limitations) |  | (29 | )
Gross unrecognized tax benefit balance at December 31, 2011: |  | $ | 2,043 |
Gross unrecognized tax benefit balance at January 1, 2012: |  | $ | 2,043 |
Add: |  |  |
Additions based on tax positions related to current year |  | 1,281 |
Additions/reductions for tax positions of prior years |  | 1,857 |
Less: |  |  |
Reductions for tax positions of prior years (expiration of statute of limitations) |  | (1,158 | )
Gross unrecognized tax benefit balance at December 31, 2012: |  | $ | 4,023 |
Gross unrecognized tax benefit balance at January 1, 2013: |  | $ | 4,023 |
Add: |  |  |
Additions based on tax positions related to current year |  | 1,254 |
Additions/reductions for tax positions of prior years |  | 182 |
Less: |  |  |
Reductions for tax positions of prior years (expiration of statute of limitations) |  | — |
Gross unrecognized tax benefit balance at December 31, 2013: |  | $ | 5,459 |

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- 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
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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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