INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Components of Income Tax Expense (Benefit)

Details of the Company's tax provision (benefit) are as follows:



	Year Ended December 31,
	2018			2017
Income (loss) before income taxes and equity method investments
Domestic	$	169		$	34,971
Foreign	(9,591		)	5,452
Total	$	(9,422	)	$	40,423

Income taxes:
Current:
Federal	$	(1,160	)	$	4,263
State	7,518			4,872
Foreign	3,054			2,953
Total income taxes, current	9,412			12,088
Deferred:
Federal	8,723			44,592
State	(3,521		)	(4,093		)
Foreign	(2,055		)	(1,288		)
Total income taxes, deferred	3,147			39,211
Income tax provision	$	12,559		$	51,299

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of the income tax provision computed at the federal statutory rate to the provision for income taxes:



	Year Ended December 31,
	2018			2017
(Loss) income before income taxes and equity method investments	$	(9,422	)	$	40,423
Federal income tax (benefit) provision at statutory rate	$	(1,978	)	$	14,147
Loss passed through to common unitholders ^(a)	5,794			10,385
	3,816			24,532
State income taxes, net of federal effect	1,705			5,344
Change in valuation allowance	6,317			(48,598		)
Foreign tax rate differences	(59		)	(1,202		)
Uncertain tax positions	150			124
Deferred tax rate change due to newly-enacted U.S. tax law	—			69,992
Permanent differences and other	630			1,107
Income tax provision	$	12,559		$	51,299


(a)	Represents taxes at statutory rate on losses for which no tax benefit is recognizable by SPLP and certain of its subsidiaries which are taxed as pass-through entities. Such losses are allocable directly to SPLP's unitholders and taxed when realized.

Schedule of Deferred Tax Assets and Liabilities

The amounts shown on the following table represent the tax effect of temporary differences between the consolidated tax return basis of assets and liabilities and the corresponding basis for financial reporting, as well as tax credit and operating loss carryforwards.



	December 31,
	2018			2017
Deferred Tax Assets:
Operating loss carryforwards ^(a)	$	136,940		$	118,594
Postretirement and postemployment employee benefits	50,306			70,151
Tax credit carryforwards	12,837			13,412
Accrued costs	4,970			4,151
Investment impairments and unrealized losses	6,282			7,325
Inventories	3,536			2,468
Environmental costs	3,299			2,297
Capital loss	8,459			7,968
Allowance for doubtful accounts and loan losses	4,460			1,361
Other	1,427			3,748
Gross deferred tax assets	232,516			231,475

Deferred Tax Liabilities:
Intangible assets	(27,758		)	(33,376		)
Fixed assets	(24,542		)	(26,346		)
Unrealized gain on investment	(4,388		)	(22,403		)
Other	(2,715		)	(2,208		)
Gross deferred tax liabilities	(59,403		)	(84,333		)
Valuation allowance ^(b)	(79,298		)	(41,138		)
Net deferred tax assets	$	93,815		$	106,004

Classified on the Company's consolidated balance sheets as follows:
Deferred tax assets	$	96,040		$	109,011
Deferred tax liabilities	2,225			3,007
	$	93,815		$	106,004


(a)	The ability for certain subsidiaries to utilize net operating losses and other credit carryforwards may be subject to limitation upon changes in control.

(b)

Certain subsidiaries of the Company establish valuation allowances when they determine, based on their assessment, that it is more likely than not that certain deferred tax assets will not be fully realized. This assessment is based on, but not limited to, historical operating results, uncertainty in projections of taxable income and other uncertainties that may be specific to a particular business.

Schedule of Unrecognized Tax Benefits Roll Forward

The change in the amount of unrecognized tax benefits for 2018 and 2017 was as follows:



Balance at December 31, 2016	$	29,394
Additions for tax positions related to current year	32,684
Reductions due to lapsed statutes of limitations	(1,350		)
Balance at December 31, 2017	$	60,728
Additions for tax positions related to current year	977
Additions for tax positions related to prior years	1,413
Payments	(543		)
Reductions due to lapsed statutes of limitations and expiration of credits	(10,850		)
Balance at December 31, 2018	$	51,725