XML 66 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Income Taxes |
NOTE 4. | INCOME TAXES
The provision for income taxes consists of the following:
(in thousands) |  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Current |  | $ | 5,208 |  |  | $ | 4,886 |  |  | $ | 5,741 |
Deferred |  |  | 22,769 |  |  |  | 23,204 |  |  |  | 25,715 |
|  | $ | 27,977 |  |  | $ | 28,090 |  |  | $ | 31,456 |
The reconciliation of the federal statutory tax rate to the Company’s effective tax rate is as follows:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Federal statutory rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State taxes, net of federal benefit |  |  | 4.1 |  |  |  | 4.2 |  |  |  | 4.1 |
Other |  |  | 0.1 |  |  |  | (0.6 | ) |  |  | (0.3 | )
|  |  | 39.2 | % |  |  | 38.6 | % |  |  | 38.8 | %
The following table shows the deferred income taxes related to the temporary differences between the tax bases of assets and liabilities and the respective amounts included in “Deferred Income Taxes, net” on the Company’s Consolidated Balance Sheets:
(in thousands) |  | December 31, |
|  | 2013 |  |  | 2012 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Accelerated Depreciation |  | $ | 257,537 |  |  | $ | 248,515 |
Prepaid Costs Currently Deductible |  |  | 4,794 |  |  |  | 4,597 |
Other |  |  | — |  |  |  | 2,451 |
Total Deferred Tax Liabilities |  |  | 262,331 |  |  |  | 255,563 |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Accrued Costs Not Yet Deductible |  |  | 6,638 |  |  |  | 6,138 |
Allowance for Doubtful Accounts |  |  | 775 |  |  |  | 1,163 |
Net Operating Loss Carry Forwards and Credits |  |  | 2,736 |  |  |  | 12,103 |
Deferred Revenues |  |  | 305 |  |  |  | 1,300 |
Share-Based Compensation |  |  | 5,862 |  |  |  | 8,295 |
Other |  |  | 4,812 |  |  |  | — |
Total Deferred Tax Assets |  |  | 21,128 |  |  |  | 28,999 |
Deferred Income Taxes, net |  | $ | 241,203 |  |  | $ | 226,564 |
In 2013, 2012 and 2011 the Company obtained an excess tax benefit of $1.3 million, $1.0 million and 1.0 million, respectively, from the exercise of non-qualified stock options and early dispositions of stock obtained through the exercise of incentive stock options by employees. The tax benefit was recorded as common stock in conjunction with the proceeds received from the exercise of the stock options. As of December 31, 2012, the Company’s federal net operating losses for tax return purposes were $12.3 million, which were fully utilized during 2013. As of December 31, 2013, the Company had state and foreign tax credit carry forwards of $2.6 million, which will begin to expire in 2022, if not utilized. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company evaluated all of its tax positions for which the statute of limitations remained open and determined there were no material unrecognized tax benefits as of December 31, 2013 and 2012. In addition, there have been no material changes in unrecognized benefits during 2013, 2012 and 2011. The Company is subject to income taxes in the U.S. federal jurisdiction, and various states and foreign jurisdictions. Tax regulations within each jurisdiction are subject to interpretation of the related tax laws and regulations and require the application of significant judgment. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for the years before 2009. Our income tax returns are subject to examination by federal, state and foreign tax authorities. There may be differing interpretations of tax laws and regulations, and as a result, disputes may arise with these tax authorities involving the timing and amount of deductions and allocation of income. The Company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes for all periods presented. Such interest and penalties were not significant for the years ended December 31, 2013, 2012 and 2011. In September 2013, the U.S. Department of the Treasury and the Internal Revenue Service released final regulations regarding the deductibility and capitalization of expenditures related to tangible property. The final regulations are effective for taxable years beginning on or after January 1, 2014. We are currently assessing these regulations and their impact to our financial statements. We do not anticipate that these regulations will have a material impact on our consolidated financial position.

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + 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 Reference 2: 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)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: 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 Reference 5: 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 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration