XML 59 R16.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Income Taxes | 9 Months Ended
--- | ---
Sep. 30, 2015
Income Tax Disclosure [Abstract] |
Income Taxes | Note 10: Income Taxes Provision (benefit) for income taxes are as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
|  | (In Thousands) |
Current: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (5,582 | ) |  | $ | 660 |  |  | $ | (5,572 | ) |  | $ | (529 | )
State |  |  | 197 |  |  |  | 31 |  |  |  | 857 |  |  |  | 1,273 |
Total Current |  |  | (5,385 | ) |  |  | 691 |  |  |  | (4,715 | ) |  |  | 744 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (14,592 | ) |  |  | (2,568 | ) |  |  | (11,469 | ) |  |  | 10,825 |
State |  |  | (2,005 | ) |  |  | (538 | ) |  |  | (1,658 | ) |  |  | 717 |
Total Deferred |  |  | (16,597 | ) |  |  | (3,106 | ) |  |  | (13,127 | ) |  |  | 11,542 |
Provision (benefit) for income taxes |  | $ | (21,982 | ) |  | $ | (2,415 | ) |  | $ | (17,842 | ) |  | $ | 12,286 |
For the three and nine months ended September 30, 2015 and 2014, the current provision (benefit) for federal income taxes shown above includes regular federal income tax provision after the consideration of permanent and temporary differences between income for GAAP and tax purposes. For the three and nine months ended September 30, 2015 and 2014, the current provisions for state income taxes shown above includes regular state income tax and provisions for uncertain state income tax positions. Our annual estimated effective rate for 2015 includes the impact of permanent tax differences, such as energy tax credits and other permanent items. The tax benefit for the nine months ended September 30, 2015 was $17.8 million (40% of pre-tax loss) and the tax provision for the nine months ended September 30, 2014 was $12.3 million (39% of pre-tax income). LSB and certain of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the 2012-2014 years remain open for all purposes of examination by the U.S. Internal Revenue Service and other major tax jurisdictions.

X
- References No definition available. + 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 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 2: 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 Reference 3: 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 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 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration