Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Components of Income Tax Expense (Benefit)

Income tax benefit (expense) for the years ended December 31, 2014, 2013, 2012, respectively, consists of the following components (in thousands):



	Years Ended December 31,
	Years Ended December 31,
	2014			2013			2012
Current:
Federal	$	—		$	(924	)	$	—
State and local	(86		)	(3,154		)	(1,218		)
Total current income tax (expense) benefit	(86		)	(4,078		)	(1,218		)
Deferred:
Federal	25,081			77,341			77,010
State and local	4,783			17,028			19,768
Total deferred income tax benefit	29,864			94,369			96,778
Total income tax benefit	$	29,778		$	90,291		$	95,560

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the Company's statutory tax rate to its effective tax rate is presented below (in percentages):



	Years Ended December 31,
	2014		2013		2012
Statutory federal income tax (benefit) rate	(35.0	)%	(35.0	)%	(35.0	)%
State income tax (benefit) expense, net of federal income tax (benefit) expense	(2.1	)	(4.8	)	(4.8	)
Restructuring charges	—		—		0.1
Other, net	0.3		0.6		(0.1	)
Valuation allowance	18.9		(7.4	)	1.4
Effective income tax (benefit) rate	(17.9	)%	(46.6	)%	(38.4	)%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2014 and 2013 are presented below (in thousands):



	December 31, 2014			December 31, 2013
Deferred tax assets:
Federal and state tax loss carryforwards	$	95,629		$	76,570
Employee benefits	395,806			313,760
Allowance for doubtful accounts	3,613			5,290
Alternative minimum tax and other state credits	4,808			4,925
Capitalized restructuring costs	3,355			3,973
Accrued professional services	—			3,838
Deferred Revenue	3,896			1,719
Other, net	3,492			7,527
Total gross deferred tax assets	510,599			417,602
Deferred tax liabilities:
Property, plant, and equipment	235,524			269,908
Goodwill and other intangible assets	33,003			36,121
Other, net	9,808			12,498
Total gross deferred tax liabilities	278,335			318,527
Net deferred tax assets (liabilities) before valuation allowance	232,264			99,075
Valuation allowance	(259,857		)	(166,773		)
Net deferred tax liabilities	$	(27,593	)	$	(67,698	)

Valuation Allowance Rollforward

The following is activity in the Company's valuation allowance for the years ended December 31, 2014, 2013 and 2012, respectively (in thousands):



	Years Ended December 31,
	2014			2013			2012
Balance, beginning of period	$	(166,773	)	$	(192,492	)	$	(172,875	)
(Increase) decrease allocated to other comprehensive loss	(58,254		)	10,884			(13,804		)
(Increase) decrease allocated to continuing operations	(34,830		)	14,835			(5,813		)
Balance, end of period	$	(259,857	)	$	(166,773	)	$	(192,492	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):



Balance as of December 31, 2012	$	3,785
Additions for tax positions related to the current year	11
Additions for tax positions of prior years	1,059
Balance as of December 31, 2013	$	4,855
Additions for tax positions related to the current year	34
Additions for tax positions of prior years	205
Decrease for settlements with taxing authorities	(1,059		)
Balance as of December 31, 2014	$	4,035