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Income Taxes Level 3 (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income from continuing operations before income taxes for the years ended December 31 was composed of the following components:



	2011		2010		2009
	(In thousands)
United States	$	196,788	$	169,544	$	175,212
Foreign	28,848		49,915		24,156
	$	225,636	$	219,459	$	199,368

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax provision (benefit) for the years ended December 31 consisted of the following:



	2011		2010		2009
	(In thousands)
Current:
United States	$	1,267	$	1,752	$	13
Foreign	5,844		12,326		9,200
State	5,781		1,446		9,196
Total current income taxes	12,892		15,524		18,409
Deferred:
United States	$	57,845	$	64,814	$	57,767
Foreign	279		185		(806		)
State	8,388		11,935		905
Total deferred income taxes	66,512		76,934		57,866
Total income taxes	$	79,404	$	92,458	$	76,275

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The differences between the U.S. federal statutory income tax rate and our effective tax rate for the years ended December 31 were as follows:



	2011			2010			2009
	(In thousands)
Computed tax provision at the applicable federal statutory income tax rate	$	78,973		$	76,811		$	69,779
State and local taxes, net of federal income tax benefits	9,895			8,775			6,565
Dividends received deduction and tax exempt interest	(644		)	(1,168		)	(947		)
Foreign jurisdiction differences	(4,789		)	(3,101		)	(3,707		)
Permanent differences associated with dispositions	(6,329		)	7,192			2,950
Changes in uncertain tax positions	1,584			1,138			(134		)
Other	714			2,811			1,769
Provision for income taxes	$	79,404		$	92,458		$	76,275
Total effective tax rate	35.2		%	42.1		%	38.3		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences and carry-forwards that give rise to significant portions of deferred tax assets and liabilities as of December 31 consisted of the following:



	2011			2010
	(In thousands)
Inventories and cemetery property, principally due to purchase accounting adjustments	$	(352,323	)	$	(344,160	)
Property and equipment, principally due to differences in depreciation methods and purchase accounting adjustments	(194,875		)	(170,305		)
Intangibles	(74,278		)	(82,587		)
Payables, principally due to sales of cemetery interment rights and related products	(32,949		)	(28,779		)
Deferred tax liabilities	(654,425		)	(625,831		)
Loss and tax credit carry-forwards	215,285			235,393
Deferred revenue on preneed funeral and cemetery contracts, principally due to earnings from trust funds	92,640			98,335
Accrued liabilities	11,308			24,469
Other	44,506			49,316
Deferred tax assets	363,739			407,513
Less: Valuation allowance	(63,681		)	(63,614		)
Net deferred income tax liability	$	(354,367	)	$	(281,932	)

Schedule of Deferred Taxes Classification [Table Text Block]

Deferred tax assets and Deferred income tax liabilities consisted of the following as of December 31 (in thousands):



	2011			2010
Current deferred tax assets	$	44,316		$	40,740
Non-current deferred tax assets	6,932			631
Non-current deferred tax liabilities	(405,615		)	(323,303		)
Net deferred income tax liability	$	(354,367	)	$	(281,932	)

Summary of Income Tax Contingencies [Table Text Block]

The following table summarizes the activity related to our gross unrecognized tax benefits from January 1, 2009 to December 31, 2011 (in thousands):



	Federal, State and Foreign Tax
	(In thousands)
Balance at December 31, 2008	$	142,457
Additions to tax positions related to the current year	5,154
Additions to tax positions related to prior years	1,076
Statute expirations	(4,243		)
Balance at December 31, 2009	$	144,444
Additions to tax positions related to the current year	10,215
Additions to tax positions related to prior years	110
Statute expirations	(2,004		)
Balance at December 31, 2010	$	152,765
Additions to tax positions related to the current year	4,971
Additions to tax positions related to prior years	60
Statute expirations	(1,484		)
Balance at December 31, 2011	$	156,312

Summary of Operating Loss Carryforwards [Table Text Block]

Such loss carry-forwards will expire as follows:



	Federal		State		Foreign		Total
			(In thousands)
2012	$	691	$	56,990	$	—	$	57,681
2013	1,733		10,640		—		12,373
2014	115		42,324		64		42,503
2015	3,667		39,430		—		43,097
Thereafter	219,083		2,548,627		312		2,768,022
Total	$	225,289	$	2,698,011	$	376	$	2,923,676

Summary of Valuation Allowance [Table Text Block]

At December 31, 2011, our loss and tax credit carry-forward deferred tax assets and related valuation allowances by jurisdiction are as follows:



	Federal		State(1)		Foreign		Total
			(In thousands)
Loss and tax credit carry-forwards	$	99,457	$	93,393	$	22,435	$	215,285
Valuation allowance	$	4,107	$	41,330	$	18,244	$	63,681

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(1)	Presented net of Federal benefit

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References+ Details