XML 122 R38.htm IDEA: XBRL DOCUMENT

Income Taxes Level 3 (Tables)

12 Months Ended

Dec. 31, 2012

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:



	2012		2011		2010
	(In thousands)
United States	$	210,830	$	196,788	$	169,544
Foreign	34,853		28,848		49,915
	$	245,683	$	225,636	$	219,459

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:



	2012			2011		2010
	(In thousands)
Current:
United States	$	3,752		$	1,267	$	1,752
Foreign	8,776			5,844		12,326
State	6,036			5,781		1,446
Total current income taxes	18,564			12,892		15,524
Deferred:
United States	$	62,227		$	57,845	$	64,814
Foreign	(102		)	279		185
State	10,859			8,388		11,935
Total deferred income taxes	72,984			66,512		76,934
Total income taxes	$	91,548		$	79,404	$	92,458

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:



	2012			2011			2010
	(In thousands)
Computed tax provision at the applicable federal statutory income tax rate	$	85,988		$	78,973		$	76,811
State and local taxes, net of federal income tax benefits	10,998			9,895			8,775
Dividends received deduction and tax exempt interest	(525		)	(644		)	(1,168		)
Foreign jurisdiction differences	(3,491		)	(4,789		)	(3,101		)
Permanent differences associated with dispositions	602			(6,329		)	7,192
Changes in uncertain tax positions	(479		)	1,584			1,138
Other	(1,545		)	714			2,811
Provision for income taxes	$	91,548		$	79,404		$	92,458
Total effective tax rate	37.3		%	35.2		%	42.1		%

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:



	2012			2011
	(In thousands)
Inventories and cemetery property, principally due to purchase accounting adjustments	$	(354,162	)	$	(352,323	)
Property and equipment, principally due to differences in depreciation methods and purchase accounting adjustments	(195,066		)	(194,875		)
Intangibles	(77,092		)	(74,278		)
Payables, principally due to sales of cemetery interment rights and related products	(40,374		)	(32,949		)
Deferred tax liabilities	(666,694		)	(654,425		)
Loss and tax credit carry-forwards	141,739			215,285
Deferred revenue on preneed funeral and cemetery contracts, principally due to earnings from trust funds	94,731			92,640
Accrued liabilities	6,267			11,308
Other	63,845			44,506
Deferred tax assets	306,582			363,739
Less: Valuation allowance	(67,732		)	(63,681		)
Net deferred income tax liability	$	(427,844	)	$	(354,367	)

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):



	2012			2011
Current deferred tax assets	$	42,864		$	44,316
Non-current deferred tax assets	490			6,932
Non-current deferred tax liabilities	(471,198		)	(405,615		)
Net deferred income tax liability	$	(427,844	)	$	(354,367	)

Summary of Income Tax Contingencies [Table Text Block]

The following table summarizes the activity related to our gross unrecognized tax benefits from January 1, 2010 to December 31, 2012 (in thousands):



	Federal, State and Foreign Tax
	(In thousands)
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
Reductions to tax positions related to the current year	(2,100		)
Reductions to tax positions related to prior years	(10,224		)
Balance at December 31, 2012	$	143,988

Summary of Operating Loss Carryforwards [Table Text Block]

Such loss carry-forwards will expire as follows:



	Federal		State		Foreign		Total
			(In thousands)
2013	$	8,363	$	5,423	$	—	$	13,786
2014	13,318		31,969		—		45,287
2015	3,388		302,239		—		305,627
2016	9,593		58,721		—		68,314
Thereafter	26,538		2,255,983		2		2,282,523
Total	$	61,200	$	2,654,335	$	2	$	2,715,537

Summary of Valuation Allowance [Table Text Block]

At December 31, 2012, 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	$	27,316	$	91,775	$	22,648	$	141,739
Valuation allowance	$	3,707	$	45,654	$	18,371	$	67,732

_________________________________


(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.

+ References+ Details

- 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