Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Income Before Income Tax

Pretax income for 2012, 2011 and 2010 was taxed in the following jurisdictions:

	2012		2011		2010
	(In thousands)
Domestic	$	65,738	$	192,857	$	161,573
Foreign		20,466		81,024		70,301
Total	$	86,204	$	273,881	$	231,874

Schedule of Components of Income Tax

The provision (benefit) for income taxes for 2012, 2011, and 2010, was as follows:

	2012			2011			2010
	(In thousands)
Current
U.S.	$	59,811		$	48,823		$	59,384
State and local		5,764			3,434			4,548
Foreign		20,228			31,343			18,178
Total current		85,803			83,600			82,110
Deferred
U.S.		(31,246	)		4,792			(6,550	)
State and local		(2,377	)		(1,103	)		(293	)
Foreign		(3,606	)		(7,265	)		(493	)
Total deferred		(37,229	)		(3,576	)		(7,336	)
Total provision for income taxes	$	48,574		$	80,024		$	74,774

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) at December 31, 2012 and 2011 were:

	2012			2011
	(In thousands)
Employee and retiree benefit plans	$	38,401		$	38,626
Depreciation and amortization		(170,630	)		(213,002	)
Inventories		10,851			10,274
Allowances and accruals		7,629			14,103
Interest rate exchange agreement		20,856			23,714
Other		7,059			10,033
Total	$	(85,834	)	$	(116,252	)

Schedule of Deferred Tax Assets (Liabilities) Recognized In Balance Sheets

The deferred tax assets and liabilities recognized in the Company’s Consolidated Balance Sheets as of December 31, 2012 and 2011 were:

	2012			2011
	(In thousands)
Deferred tax asset — other current assets	$	32,293		$	26,037
Deferred tax asset — other noncurrent assets		3,222			360
Total deferred tax assets		35,515			26,397
Deferred tax liability — accrued expenses		—			(167	)
Noncurrent deferred tax liability — deferred income taxes		(121,349	)		(142,482	)
Total deferred tax liabilities		(121,349	)		(142,649	)
Net deferred tax liabilities	$	(85,834	)	$	(116,252	)

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to pretax income. The computed amount and the differences for 2012, 2011, and 2010 are shown in the following table:

	2012			2011			2010
	(In thousands)
Pretax income	$	86,204		$	273,881		$	231,874
Provision for income taxes:
Computed amount at statutory rate of 35%	$	30,171		$	95,858		$	81,156
State and local income tax (net of federal tax benefit)		2,406			1,515			2,766
Taxes on non-U.S. earnings-net of foreign tax credits		1,189			(4,522	)		(8,545	)
Effect of flow-through entities		(7,846	)		(6,922	)		(516	)
Asset impairments		28,524			—			—
U.S. business tax credits		—			(917	)		(935	)
Domestic activities production deduction		(5,267	)		(4,589	)		(4,720	)
Other		(603	)		(399	)		5,568
Total provision for income taxes	$	48,574		$	80,024		$	74,774

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2012, 2011 and 2010 are shown in the following table:

	2012			2011			2010
	(In thousands)
Beginning balance January 1	$	5,548		$	6,440		$	5,285
Gross increases for tax positions of prior years		3,017			1,828			3,049
Gross decreases for tax positions of prior years		(98	)		(1,595	)		(675	)
Settlements		—			(338	)		(517	)
Lapse of statute of limitations		(1,961	)		(787	)		(702	)
Ending balance December 31	$	6,506		$	5,548		$	6,440