INCOME TAXES AND RELATED PAYMENTS (Tables)
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12 Months Ended |
Dec. 31, 2012
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Income Tax Disclosure [Abstract] |
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Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
Income tax expense from operations consisted of the following: | | | | | | | | | | | | | | Year Ended December 31, | | 2012 | | 2011 | | 2010 | Current: | | | | | | U.S. federal income tax | $ | 11,232 |
| | $ | 8,869 |
| | $ | 13,665 |
| State and local income tax | 3,737 |
| | 4,786 |
| | 5,573 |
| Foreign income tax | 3,351 |
| | 3,588 |
| | 4,984 |
| | $ | 18,320 |
| | $ | 17,243 |
| | $ | 24,222 |
| Deferred: | | | |
| | |
| U.S. federal income tax | $ | 7,432 |
| | $ | 3,285 |
| | $ | 1,907 |
| State and local income tax | 5,106 |
| | 560 |
| | 270 |
| | $ | 12,538 |
| | $ | 3,845 |
| | $ | 2,177 |
| Total: | | | |
| | |
| U.S. federal income tax | $ | 18,664 |
| | $ | 12,154 |
| | $ | 15,572 |
| State and local income tax | 8,843 |
| | 5,346 |
| | 5,843 |
| Foreign income tax | 3,351 |
| | 3,588 |
| | 4,984 |
| Income tax expense | $ | 30,858 |
| | $ | 21,088 |
| | $ | 26,399 |
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Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
The Company’s income before income taxes consisted of the following: | | | | | | | | | | | | | | Year Ended December 31, | | 2012 | | 2011 | | 2010 | Domestic income (loss) before income taxes | $ | 6,710,286 |
| | $ | (264,603 | ) | | $ | 5,289,742 |
| Foreign income (loss) before income taxes | (7,011 | ) | | (22,954 | ) | | 17,446 |
| Total income (loss) before income taxes | $ | 6,703,275 |
| | $ | (287,557 | ) | | $ | 5,307,188 |
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Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
The Company’s effective income tax rate differed from the federal statutory rate for the following reasons: | | | | | | | | | | | Year Ended December 31, | | 2012 | | 2011 | | 2010 | Income tax expense at federal statutory rate | 35.00 | % | | 35.00 | % | | 35.00 | % | Income passed through | (34.78 | ) | | (19.49 | ) | | (35.53 | ) | State and local taxes, net of federal benefit | 0.07 |
| | (1.75 | ) | | 0.11 |
| Foreign taxes | 0.09 |
| | (4.04 | ) | | (0.02 | ) | Equity-based compensation expense | — |
| | (17.44 | ) | | 0.94 |
| Other, net | 0.08 |
| | 0.39 |
| | — |
| Total effective rate | 0.46 | % | | (7.33 | )% | | 0.50 | % |
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Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
The income tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities were as follows: | | | | | | | | | | | | | | As of December 31, | | 2012 | | 2011 | | 2010 | Deferred tax assets: | |
| | |
| | |
| Investment in partnerships | $ | 157,999 |
| | $ | 67,918 |
| | $ | 72,177 |
| Equity-based compensation expense | 3,994 |
| | 3,703 |
| | 3,010 |
| Other, net | 1,697 |
| | 1,365 |
| | 1,432 |
| Total deferred tax assets | 163,690 |
| | 72,986 |
| | 76,619 |
| Total deferred tax liabilities | 4,519 |
| | 4,548 |
| | 4,336 |
| Net deferred tax assets before valuation allowance | 159,171 |
| | 68,438 |
| | 72,283 |
| Valuation allowance | — |
| | — |
| | — |
| Net deferred tax assets | $ | 159,171 |
| | $ | 68,438 |
| | $ | 72,283 |
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Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
The following is a tabular reconciliation of unrecognized tax benefits (excluding interest and penalties thereon): | | | | | | | | | | | | | | Year Ended December 31, | | 2012 | | 2011 | | 2010 | Unrecognized tax benefits, January 1 | $ | 8,594 |
| | $ | 7,955 |
| | $ | 6,142 |
| Additions for tax positions related to the current year | 72 |
| | 822 |
| | 1,813 |
| Additions for tax positions related to prior years | 806 |
| | — |
| | — |
| Reductions for tax positions related to prior years | — |
| | — |
| | — |
| Settlement of tax positions | — |
| | — |
| | — |
| Lapse of statute of limitations | — |
| | (183 | ) | | — |
| Unrecognized tax benefits, December 31 | $ | 9,472 |
| | $ | 8,594 |
| | $ | 7,955 |
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