Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Income Tax Benefit (Provision)

The (provision) benefit for income taxes on the loss from continuing operations before income taxes and equity in net income (loss) of affiliates consists of the following (in thousands):


	Year Ended December 31,
		2016		2015		2014
Current:
U.S. Federal	$	(1,718)	$	(1,089)	$	(5,524)
State and local		2,981		7,106		3,573
Foreign		(235)		(235)		(220)
Total current		1,028		5,782		(2,171)
Deferred:
U.S. Federal		(26,337)		35,721		8,531
State and local		(3,198)		3,973		1,745
Total deferred		(29,535)		39,694		10,276
Total income tax (provision) benefit	$	(28,507)	$	45,476	$	8,105

Summary of Uncertain Tax Positions Included in Income Tax Provision

Our current tax (provision) benefit includes a decrease (increase) to our liability for UTPs for (in thousands):


	Year Ended December 31,
	2016		2015		2014
Decrease to unrecognized tax benefits	$	2,477	$	4,921	$	3,062
Interest expense		(2,011)		(103)		(1,757)
Penalties		387		1,393		1,250
Total	$	853	$	6,211	$	2,555

Summary of Additional Income Tax Disclosures

In addition to the (provision) benefit for income taxes on the loss from continuing operations presented above, we also recorded the following items (in thousands):


	Year Ended December 31,
	2016		2015		2014
Tax benefit on loss from discontinued operations	$	200	$	450	$	14,482
Adjustment to tax benefit associated with stock-based compensation recorded to paid-in-capital		(141)		2,609		1,864
Deferred tax (provision) benefit for adjustments in other comprehensive loss (see Note 3)		(8,061)		(313)		4,919

Schedule of Effective Income Tax Rate Reconciliation

The (provision) benefit for income taxes differs from the amount computed by applying the statutory U.S. Federal income tax rate on the loss from continuing operations before income taxes and equity in net income (loss) of affiliates because of the effect of the following items (in thousands):


	Year Ended December 31,
	2016		2015		2014
Tax benefit at U.S. Statutory Rate of 35%	$	2,800	$	3,566	$	2,811
Permanent adjustments which change statutory amounts:
State and local income taxes, net of federal income tax		(4,588)		7,821		4,497
Equity in net income (loss) of affiliates		(29,427)		36,677		526
Extraterritorial income exclusion		—		—		3,468
Provision for unrecognized tax benefits		(1,113)		(708)		(833)
Interest on deferred installment sale		—		—		(216)
Nondeductible expenses		(586)		(1,411)		(1,359)
Change in valuation allowance		4,565		(307)		(624)
Foreign income taxes		(153)		(153)		(143)
Other, net		(5)		(9)		(22)
Total income tax (provision) benefit	$	(28,507)	$	45,476	$	8,105

Unrecognized Tax Benefits

The following table summarizes the activity related to our unrecognized tax benefits (in thousands):


	Year Ended December 31,
	2016		2015		2014
Balance at January 1	$	72,298	$	78,333	$	80,527
Increases related to prior year tax positions		1,525		1,955		2,141
Decreases related to prior year tax positions		—		—		(423)
Decreases as a result of statute expirations		(5,674)		(6,876)		(3,043)
Decreases as a result of tax settlements		—		(1,114)		(869)
Balance at December 31	$	68,149	$	72,298	$	78,333

Schedule of Net Deferred Tax Assets

The significant components of the net deferred income tax assets are (in thousands):


	December 31,
	2016		2015
Deferred tax assets:
Net operating loss and tax credit carryforwards	$	119,524	$	117,676
Compensation and benefits		1,582		1,639
Indemnification liabilities		1,346		5,434
Other, net		219		2,023
Federal benefit of uncertain tax positions		7,528		7,818
Pension costs		5,984		6,294
Investments in and advances to affiliates		—		20,004
Total deferred tax assets before valuation allowance		136,183		160,888
Less valuation allowance		(3,647)		(8,212)
Deferred tax assets net of valuation allowance		132,536		152,676
Deferred tax liabilities:
Investments in and advances to affiliates		17,257		—
Total deferred tax liabilities		17,257		—
Net deferred tax assets	$	115,279	$	152,676

Classification on consolidated balance sheets:
Deferred tax assets	$	115,285	$	152,676
Long-term liabilities		(6)		—
Net deferred tax assets	$	115,279	$	152,676