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Income Taxes Level 3 (Tables)

12 Months Ended

Dec. 31, 2013

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:



	2013		2012		2011
	(In thousands)
United States	$	199,374	$	210,830	$	196,788
Foreign	46,345		34,853		28,848
	$	245,719	$	245,683	$	225,636

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:



	2013		2012			2011
	(In thousands)
Current:
United States	$	2,206	$	3,752		$	1,267
Foreign	12,445		8,776			5,844
State	7,864		6,036			5,781
Total current income taxes	22,515		18,564			12,892
Deferred:
United States	$	65,591	$	62,227		$	57,845
Foreign	21		(102		)	279
State	8,488		10,859			8,388
Total deferred income taxes	74,100		72,984			66,512
Total income taxes	$	96,615	$	91,548		$	79,404

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:



	2013			2012			2011
	(In thousands)
Computed tax provision at the applicable federal statutory income tax rate	$	86,002		$	85,988		$	78,973
State and local taxes, net of federal income tax benefits	10,614			10,998			9,895
Dividends received deduction and tax exempt interest	(592		)	(525		)	(644		)
Foreign jurisdiction differences	(3,722		)	(3,491		)	(4,789		)
Permanent differences associated with dispositions	268			602			(6,329		)
Changes in uncertain tax positions	3,710			(479		)	1,584
Other	335			(1,545		)	714
Provision for income taxes	$	96,615		$	91,548		$	79,404
Total effective tax rate	39.3		%	37.3		%	35.2		%

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:



	2013			2012
	(In thousands)
Inventories and cemetery property, principally due to purchase accounting adjustments	$	(385,714	)	$	(346,364	)
Property and equipment	(163,770		)	(97,469		)
Intangibles	(372,105		)	(182,864		)
Other	(22,083		)	—
Deferred tax liabilities	(943,672		)	(626,697		)
Loss and tax credit carry-forwards	170,900			141,739
Deferred revenue on preneed funeral and cemetery contracts	180,283			38,823
Accrued liabilities	109,838			84,016
Other	—			2,007
Deferred tax assets	461,021			266,585
Less: Valuation allowance	(74,918		)	(67,732		)
Net deferred income tax liability	$	(557,569	)	$	(427,844	)

Schedule of Deferred Taxes Classification [Table Text Block]

Deferred tax assets and Deferred income tax liabilities are recognized in our consolidated balance sheet as the following (in thousands):



	2013			2012
Current deferred tax assets	$	39,074		$	42,864
Non-current deferred tax assets	22,557			490
Non-current deferred tax liabilities	(619,200		)	(471,198		)
Net deferred income tax liability	$	(557,569	)	$	(427,844	)

Summary of Income Tax Contingencies [Table Text Block]

The following table summarizes the activity related to our gross unrecognized tax benefits from January 1, 2011 to December 31, 2013 (in thousands):



	Federal, State and Foreign Tax
	(In thousands)
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
Additions to tax positions related to the current year	3,019
Additions to tax positions related to the acquisition of Stewart, offset to goodwill	1,556
Reductions to tax positions related to prior years	(8,800		)
Statute expirations	(2,844		)
Balance at December 31, 2013	$	136,919

Summary of Operating Loss Carryforwards [Table Text Block]

Such loss carry-forwards will expire as follows:



	Federal		State		Foreign		Total
			(In thousands)
2014	$	115	$	17,052	$	—	$	17,167
2015	58		156,981		—		157,039
2016	121		35,886		—		36,007
2017	—		14,755		—		14,755
Thereafter	77,703		2,924,985		5		3,002,693
Total	$	77,997	$	3,149,659	$	5	$	3,227,661

Summary of Valuation Allowance [Table Text Block]

At December 31, 2013, 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	$	36,799	$	110,941	$	23,160	$	170,900
Valuation allowance	$	—	$	55,574	$	19,344	$	74,918

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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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