XML 52 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Earnings (Loss) Before Income Taxes Composition in Each Tax Jurisdiction

Earnings before income taxes is comprised of the following amounts:

		For The Years Ended December 31,
(In thousands)		2017				2016				2015
United States		$	40,954			$	80,666			$	92,488

Provision (Benefit) for Income Taxes

The income tax (benefit) provision is comprised of the following:

		For The Years Ended December 31,
(In thousands)		2017				2016				2015
Current
Federal		$	(16,729	)		$	7,434			$	15,579
State		933				5,351				4,855
Foreign		—				—				(10		)
Total current		(15,796		)		12,785				20,424
Deferred
Federal		(36,810		)		15,573				13,006
State		(3,779		)		2,754				3,075
Total deferred		(40,589		)		18,327				16,081
Income tax (benefit) provision		$	(56,385	)		$	31,112			$	36,505

Income Tax Reconciliation

The income tax provision or benefit differs from the amount computed by applying the statutory federal income tax rate of 35.0% to earnings before income taxes due to the following:

		For The Years Ended December 31,
(In thousands)		2017				2016				2015
Tax at the statutory rate		$	14,334			$	28,233			$	32,371
Federal rate change		(70,055		)		—				—
State and local taxes, net of federal income tax impact		(1,201		)		3,046				3,753
Federal credits and net operating losses		(3,158		)		(2,850		)		3,593
Stock compensation		2,207				—				—
Other, net		1,488				2,683				(3,212		)
Income tax provision		$	(56,385	)		$	31,112			$	36,505

Tax Effects of Significant Temporary Differences Creating Deferred Tax Assets and Liabilities

The tax effects of significant temporary differences creating deferred tax assets and liabilities at December 31 were:    

(In thousands)		2017				2016
Deferred tax assets:
Employee benefits		$	3,940			$	6,255
Postretirement employee benefits		17,132				27,370
Incentive compensation		5,194				11,356
Inventories		7,959				8,859
Pensions		2,516				8,338
State credit carryforwards		11,752				8,369
State net operating losses		3,088				1,462
Other		1,949				3,774
Total deferred tax assets		$	53,530			$	75,783
Valuation allowance		(3,733		)		(4,407		)
Deferred tax assets, net of valuation allowance		$	49,797			$	71,376
Deferred tax liabilities:
Plant and equipment		$	(153,885	)		$	(206,502	)
Intangible assets		(7,577		)		(14,136		)
Total deferred tax liabilities		(161,462		)		(220,638		)
Net deferred tax liabilities		$	(111,665	)		$	(149,262	)

Net deferred tax assets (liabilities) consist of:

(In thousands)		2017				2016
Non-current deferred tax assets1		6,863				2,910
Non-current deferred tax liabilities		(118,528		)		(152,172		)
Net non-current deferred tax liabilities		(111,665		)		(149,262		)
Net deferred tax liabilities		$	(111,665	)		$	(149,262	)

¹  Included in "Other assets, net" on our accompanying December 31, 2017 and 2016 Consolidated Balance Sheets.

Roll Forward of Unrecognized Tax Benefits and Associated Interest and Penalties Included in the Accrued Taxes line item in non-current liabilities

(In thousands)		Gross Unrecognized Tax Benefits, Excluding Interest and Penalties				Interest and Penalties				Total Gross Unrecognized Tax Benefits
Balance at December 31, 2015		$	4,227			$	221			$	4,448
Change in prior year tax positions		619				36				655
Reductions as a result of a lapse of the applicable statute of limitations		(234		)		(20		)		(254		)
Change in current year tax positions		291				—				291
Balance at December 31, 2016		$	4,903			$	237			$	5,140
Change in prior year tax positions		(1,149		)		48				(1,101		)
Change in current year tax positions		320				—				320
Balance at December 31, 2017		$	4,074			$	285			$	4,359

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

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=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for 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 and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration