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Income Taxes Level 3 (Tables)

12 Months Ended

Dec. 31, 2014

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:



	2014		2013		2012
	(In thousands)
United States	$	360,800	$	199,374	$	210,830
Foreign	41,800		45,832		34,453
	$	402,600	$	245,206	$	245,283

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:



	2014			2013		2012
	(In thousands)
Current:
United States	$	67,511		$	2,207	$	3,752
Foreign	10,859			12,445		8,638
State	17,939			6,664		6,036
Total current income taxes	96,309			21,316		18,426
Deferred:
United States	$	108,514		$	64,355	$	60,699
Foreign	(653		)	58		118
State	21,810			7,295		10,868
Total deferred income taxes	129,671			71,708		71,685
Total income taxes	$	225,980		$	93,024	$	90,111

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:



	2014			2013			2012
	(In thousands)
Computed tax provision at the applicable federal statutory income tax rate	$	140,910		$	86,002		$	85,988
State and local taxes, net of federal income tax benefits	25,736			8,221			11,007
Dividends received deduction and tax exempt interest	(1,612		)	(592		)	(525		)
Foreign jurisdiction differences	(4,424		)	(3,685		)	(3,409		)
Permanent differences associated with dispositions	61,892			268			602
Changes in uncertain tax positions	4,624			3,710			(479		)
Other	(1,146		)	(900		)	(3,073		)
Provision for income taxes	$	225,980		$	93,024		$	90,111
Total effective tax rate	56.1		%	37.9		%	36.7		%

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:



	2014			2013
	(In thousands)
Inventories and cemetery property	$	(338,446	)	$	(368,650	)
Property and equipment	(183,332		)	(159,734		)
Intangibles	(309,271		)	(323,311		)
Other	(6,870		)	(35,103		)
Deferred tax liabilities	(837,919		)	(886,798		)
Loss and tax credit carry-forwards	181,092			252,272
Deferred revenue on preneed funeral and cemetery contracts	262,202			305,504
Accrued liabilities	99,908			109,103
Deferred tax assets	543,202			666,879
Less: Valuation allowance	(134,201		)	(114,719		)
Net deferred income tax liability	$	(428,918	)	$	(334,638	)

Schedule of Deferred Taxes Classification [Table Text Block]

Deferred tax assets and Deferred income tax liabilities are recognized in our consolidated balance sheet at December 31 as follows:



	2014			2013
	(in thousands)
Current deferred tax assets	$	1,128		$	30,282
Non-current deferred tax assets	18,778			22,249
Non-current deferred tax liabilities	(448,824		)	(387,169		)
Net deferred income tax liability	$	(428,918	)	$	(334,638	)

Summary of Income Tax Contingencies [Table Text Block]

The following table summarizes the activity related to our gross unrecognized tax benefits from January 1, 2012 to December 31, 2014 (in thousands):



	Federal, State and Foreign Tax
	(In thousands)
Balance at December 31, 2011	$	197,223
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	$	184,899
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	$	177,830
Additions to tax positions related to the current year	8,721
Additions to tax positions related to prior years	10,085
Reductions to tax positions related to the current year	(1,075		)
Reductions to tax positions related to prior years	(2,325		)
Reductions to tax positions related to the acquisition of Stewart, offset to goodwill	(1,556		)
Balance at December 31, 2014	$	191,680

Summary of Operating Loss Carryforwards [Table Text Block]

Such loss carry-forwards will expire as follows:



	Federal		State		Foreign		Total
			(In thousands)
2015	$	—	$	80,429	$	—	$	80,429
2016	—		158,616		—		158,616
2017	—		243,893		—		243,893
2018	—		105,303		—		105,303
Thereafter	9,736		2,728,094		470		2,738,300
Total	$	9,736	$	3,316,335	$	470	$	3,326,541

Summary of Valuation Allowance [Table Text Block]

At December 31, 2014, our loss and tax credit carry-forward deferred tax assets and related valuation allowances by jurisdiction are as follows:



	Federal		State		Foreign		Total
			(In thousands)
Loss and tax credit carry-forwards	$	3,587	$	155,956	$	21,549	$	181,092
Valuation allowance	$	—	$	116,923	$	17,278	$	134,201

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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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