Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Components Of Income Tax (Expense) Benefit

The components of income tax expense from continuing operations were as follows:



	Year Ended December 31,
	2012			2011			2010
				(In thousands)
Current income tax expense
U.S. Federal	$	(411	)	$	(404	)	$	—
State	(403		)	(661		)	(4,236		)
Total current income tax expense	(814		)	(1,065		)	(4,236		)
Deferred income tax (expense) benefit
U.S. Federal	(28,723		)	(23,254		)	(5,893		)
State	(1,419		)	(1,292		)	3,444
Total deferred income tax expense	(30,142		)	(24,546		)	(2,449		)
Total income tax expense from continuing operations	$	(30,956	)	$	(25,611	)	$	(6,685	)

The Compa

Schedule Of Effective Income Tax Rate Reconciliation

The Company’s income tax expense from continuing operations differs from the income tax expense computed by applying the U.S. federal statutory corporate income tax rate of 35% to income from continuing operations before income taxes as follows:



	Year Ended December 31,
	2012			2011			2010
				(In thousands)
Income from continuing operations before income taxes	$	82,133		$	58,145		$	18,410
Income tax expense at the statutory rate	(28,747		)	(20,350		)	(6,444		)
State income taxes, net of U.S. federal income tax benefit	(1,681		)	(1,722		)	(792		)
Adjustment to prior period state income taxes, net of U.S. federal income tax benefit	—			(4,735		)	—
Previously unbenefitted capital loss associated with investment				1,171
Nondeductible expenses	(93		)	25			(46		)
Other	(435		)	—			597
Total income tax expense from continuing operations	$	(30,956	)	$	(25,611	)	$	(6,685	)

Schedule Of Deferred Tax Assets And Liabilities

At December 31, 2012 and 2011, deferred tax assets and liabilities are comprised of the following:



	December 31,
	2012			2011
	(In thousands)
Deferred income tax assets
Net operating loss carryforward - Federal and State	$	53,648		$	42,442
Property and equipment	20,425			55,307
Stock-based compensation	4,245			4,469
Allowance for doubtful accounts	476			806
Fair value of derivative instruments	—			75
Valuation allowance	(1,188		)	(681		)
Other	1,755			1,335
	79,361			103,753
Deferred income tax liabilities
Unamortized discount on 4.375% Convertible Senior Notes	(382		)	(1,329		)
Capitalized interest	(55,410		)	(45,469		)
Fair value of derivative instruments	(10,222		)	(13,123		)
	(66,014		)	(59,921		)
Net deferred income tax asset	$	13,347		$	43,832

Schedule Of Net Deferred Income Assets And Liabilities

Deferred income tax assets and liabilities are classified as current or long term consistent with the classification of the related temporary difference. At December 31, 2012 and 2011, the net deferred income tax asset is classified as follows:



	December 31,
	2012			2011
	(In thousands)
Noncurrent deferred income tax asset	$	21,272		$	53,517
Current deferred income tax liability	(7,925		)	(9,685		)
Net deferred income tax asset	$	13,347		$	43,832