XML 68 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Taxes      
Current income tax expense $ 3,240 $ 3,547 $ 4,398
Deferred income tax expense 1,793 2,131 3,560
Income tax expense 5,033 5,678 7,958
Amount      
Income taxes computed at the federal statutory rate 6,942 7,735 10,550
(Reduction) increase in taxes resulting from:      
Statutory depletion in excess of cost depletion (1,965) (2,048) (2,366)
Manufacturing deduction (299) (335) (308)
State income taxes, net of federal income tax benefit 132 331 24
Other 223 (5) 58
Income tax expense 5,033 5,678 7,958
Percent of Pretax Income      
Income taxes computed at the federal statutory rate (as a percent) 35.00% 35.00% 35.00%
(Reduction) increase in taxes resulting from (as a percent):      
Statutory depletion in excess of cost depletion (as a percent) (9.90%) (9.30%) (7.90%)
Manufacturing deduction (as a percent) (1.50%) (1.50%) (1.00%)
State income taxes, net of federal income tax benefit (as a percent) 0.70% 1.50% 0.10%
Other (as a percent) 1.10% 0.00% 0.20%
Income tax expense (as a percent) 25.40% 25.70% 26.40%
Deferred tax liabilities      
Lime and limestone property, plant and equipment 20,614 19,306  
Natural gas interests drilling costs and equipment 3,680 3,952  
Other 344 344  
Total 24,638 23,602  
Deferred tax assets      
Alternative minimum tax credit carry forwards 5,866 6,489  
Minimum pension liability 299 412  
Fair value liability of interest rate hedges 557 956  
Other 635 769  
Total 7,357 8,626  
Net deferred tax liabilities 17,281 14,976  
Current income taxes:      
Accrued expense 0 307  
Prepaid expenses and other current assets 203 0  
Deferred income taxes:      
Prepaid expenses and other current assets 518 678  
Deferred tax liabilities, net 17,799 15,654  
Federal
     
Operating loss carry forwards      
Net operating loss $ 0