Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax

Pretax income for 2013, 2012 and 2011 was taxed in the following jurisdictions:

	2013		2012		2011
	(In thousands)
Domestic	$	233,530	$	65,738	$	192,857
Foreign	119,599		20,466		81,024
Total	$	353,129	$	86,204	$	273,881

Schedule of Components of Income Tax

The provision (benefit) for income taxes for 2013, 2012 and 2011, was as follows:

	2013			2012			2011
	(In thousands)
Current
U.S.	$	59,707		$	59,811		$	48,823
State and local	8,123			5,764			3,434
Foreign	33,240			20,228			31,343
Total current	101,070			85,803			83,600
Deferred
U.S.	1,500			(31,246		)	4,792
State and local	(55		)	(2,377		)	(1,103		)
Foreign	(4,601		)	(3,606		)	(7,265		)
Total deferred	(3,156		)	(37,229		)	(3,576		)
Total provision for income taxes	$	97,914		$	48,574		$	80,024

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) at December 31, 2013 and 2012 were:

	2013			2012
	(In thousands)
Employee and retiree benefit plans	$	27,361		$	38,401
Depreciation and amortization	(175,894		)	(170,630		)
Inventories	9,627			10,851
Allowances and accruals	9,632			7,629
Interest rate exchange agreement	18,165			20,856
Other	4,636			7,059
Total	$	(106,473	)	$	(85,834	)

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, 2013 and 2012 were:

	2013			2012
	(In thousands)
Deferred tax asset — other current assets	$	34,151		$	32,293
Deferred tax asset — other noncurrent assets	4,284			3,222
Total deferred tax assets	38,435			35,515
Deferred tax liability — accrued expenses	—			—
Noncurrent deferred tax liability — deferred income taxes	(144,908		)	(121,349		)
Total deferred tax liabilities	(144,908		)	(121,349		)
Net deferred tax liabilities	$	(106,473	)	$	(85,834	)

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 2013, 2012 and 2011 are shown in the following table:

	2013			2012			2011
	(In thousands)
Pretax income	$	353,129		$	86,204		$	273,881
Provision for income taxes:
Computed amount at statutory rate of 35%	$	123,595		$	30,171		$	95,858
State and local income tax (net of federal tax benefit)	4,382			2,406			1,515
Taxes on non-U.S. earnings-net of foreign tax credits	(9,683		)	1,189			(4,522		)
Effect of flow-through entities	(7,267		)	(7,846		)	(6,922		)
Asset impairments	—			28,524			—
U.S. business tax credits	(1,516		)	—			(917		)
Domestic activities production deduction	(6,217		)	(5,267		)	(4,589		)
Other	(5,380		)	(603		)	(399		)
Total provision for income taxes	$	97,914		$	48,574		$	80,024

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2013, 2012 and 2011 are shown in the following table:

	2013			2012			2011
	(In thousands)
Beginning balance January 1st	$	6,506		$	5,548		$	6,440
Gross increases for tax positions of prior years	1,357			3,017			1,828
Gross decreases for tax positions of prior years	(99		)	(98		)	(1,595		)
Settlements	(1,219		)	—			(338		)
Lapse of statute of limitations	(1,421		)	(1,961		)	(787		)
Ending balance December 31st	$	5,124		$	6,506		$	5,548