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Income Taxes | 12 Months Ended
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Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Income Taxes | Income Taxes The components of income tax expense were:
| 2013 |  | 2012 |  | 2011
Current: |  |  |  |  |
Federal | $ | (525 | ) |  | — |  |  | (4,894 | )
State | 3,093 |  |  | 3,305 |  |  | 3,002 |
Deferred: |  |  |  |  |
Federal | 11,743 |  |  | 12,114 |  |  | 16,560 |
State | (176 | ) |  | 123 |  |  | (102 | )
| $ | 14,135 |  |  | 15,542 |  |  | 14,566 |
The following table reconciles income tax expense to the amount computed by applying the federal statutory rate to income before income taxes of $36,519, $37,860 and $35,444 in 2013, 2012 and 2011:
| 2013 |  | 2012 |  | 2011
“Expected” federal income tax | $ | 12,782 |  |  | 13,251 |  |  | 12,405 |
Increase (decrease) in taxes attributable to: |  |  |  |  |
State taxes, net of federal income tax benefit | 1,836 |  |  | 2,108 |  |  | 1,934 |
Dividend received deduction | (60 | ) |  | (59 | ) |  | (58 | )
Uncertain tax positions | (650 | ) |  | 82 |  |  | 17 |
Other items, net | 227 |  |  | 160 |  |  | 268 |
| $ | 14,135 |  |  | 15,542 |  |  | 14,566 |
The components of the net deferred tax liability as of December 31 was as follows:
| 2013 |  | 2012
Deferred tax assets: |  |  |
Advances and contributions | $ | 15,598 |  |  | 15,214 |
Unamortized investment tax credit | 741 |  |  | 773 |
Pensions and postretirement benefits | 4,405 |  |  | 4,565 |
California franchise tax | 1,107 |  |  | 1,193 |
Net operating loss | 5,814 |  |  | 6,439 |
Other | 1,596 |  |  | 1,505 |
Total deferred tax assets | $ | 29,261 |  |  | 29,689 |
Deferred tax liabilities: |  |  |
Utility plant | $ | 125,706 |  |  | 110,983 |
Pension and postretirement benefits | 25,649 |  |  | 46,315 |
Investment in stock | 3,228 |  |  | 2,487 |
Deferred gain and other-property related | 13,107 |  |  | 14,440 |
Debt reacquisition costs | 496 |  |  | 545 |
Other | 1,811 |  |  | 2,498 |
Total deferred tax liabilities | $ | 169,997 |  |  | 177,268 |
Net deferred tax liabilities | $ | 140,736 |  |  | 147,579 |
Management evaluates the realizability of our deferred tax assets based on all available evidence, both positive and negative. The realization of deferred tax assets is dependent on our ability to generate sufficient future taxable income during periods in which the deferred tax assets are expected to reverse. Based on all available evidence, management believes it is more likely than not that SJW Corp. will realize the benefits of these deferred tax assets. As of December 31, 2013, the Company has a federal net operating loss carry forward of $16,610, which will expire in fiscal year 2031. This amount differs from the amount reported on the consolidated tax returns of $18,234 due to the adoption of ASU 2013-11 which provided explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists that can be utilized to offset unrecognized tax benefits. The total amount of unrecognized tax benefits, before the impact of deductions for state taxes, excluding interest and penalties was $565 and $2,130 as of December 31, 2013 and 2012, respectively. The amount of tax benefits, net of any federal benefits for state taxes and inclusive of interest that would impact the effective rate, if recognized, is approximately $13 and $109 as of December 31, 2013 and 2012, respectively. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Balance at December 31, 2012 | $ | 2,316 |
Increase related to tax positions taken during a prior year, including interest | 139 |
Reductions related to tax positions taken in a prior year, including interest | (1,920 | )
Balance at December 31, 2013 | $ | 535 |
SJW Corp.'s policy is to classify interest and penalties associated with unrecognized tax benefits, if any, in tax expense. Accrued interest expense, net of the benefit of tax deductions which would be available on the payment of such interest, is approximately $13 as of December 31, 2013. SJW Corp. has not accrued any penalties for unrecognized tax benefits. The amount of interest recognized in 2013 was a benefit of $171. SJW Corp. does not foresee material changes to its gross uncertain tax liability due to the lapse of the statute of limitations within the next 12 months following December 31, 2013. The income tax examination by the Internal Revenue Service, which commenced on October 1, 2011 for fiscal years 2008 through 2011, was completed with no adjustments or changes on August 5, 2013. The Company is no longer subject to tax examination for fiscal years prior to 2012 for federal purposes and 2009 for state purposes. SJW Corp. files U.S. federal income tax returns and income tax returns in various states. The open tax years for the jurisdictions in which SJW Corp. files are as follows:
Jurisdiction | Years Open
Federal | 2012
California | 2009 - 2012
Arizona | 2009 - 2012
Connecticut | 2010 - 2012
Florida | 2010 - 2012
Tennessee | 2010 - 2012
Texas | 2009 - 2012

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- 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
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