INCOME TAXES

9 Months Ended

Sep. 30, 2012

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

A reconciliation of reported income tax attributable to continuing operations to the amount of income tax that would result from applying the United States federal statutory income tax rate to pretax earnings (loss) from continuing operations is as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
	(In Thousands)
Federal income tax at 35% of earnings (loss) from continuing operations before income taxes	$	(157,945	)	$	32,958		$	(289,495	)	$	54,507
State income taxes, net of federal income tax benefits	(5,442		)	1,107			(9,983		)	1,830
Canadian dividend tax, net of U.S. tax benefit	—			—			—			18,460
Effect of federal, state, and foreign tax on permanent items	342			1,397			997			2,243
Change in valuation allowance	170,065			—			472,569			—
Other	260			(906		)	1,181			(100		)
Total income tax	$	7,280		$	34,556		$	175,269		$	76,940