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Income Taxes

9 Months Ended

Sep. 30, 2020

15. Income Taxes

A reconciliation of the federal income tax provision at the statutory rate to the actual provision for (benefit from) income taxes follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019

	(In thousands)
Income tax provision at statutory rate	$	(40,128)	$	22,494	$	(55,922)	$	51,000
Percentage depletion allowance		2,242		(6,347)		(3,358)		(14,111)
State taxes, net of effect of federal taxes		(2,695)		1,825		(4,197)		3,668
Change in valuation allowance		40,734		(19,120)		61,115		(42,925)
Current expense associated with uncertain tax positions		226		1,495		3,327		2,932
AMT sequestration refund		—		—		(1,171)		—
Other, net		—		—		—		(56)
Provision for (benefit from) income taxes	$	379	$	347	$	(206)	$	508

During the second quarter of 2020, the Company received a $37.4 million refund from the Internal Revenue Service consisting of all the remaining refundable alternative minimum tax (AMT) credits and related interest. A FIN48 reserve has been established for $13.3 million, which represents 40% of the portion of the refund that is subject to audit risk.

- 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.

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