Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes

Components of the Company's deferred tax assets and liabilities

Year ended December 31,	2014			2013
	(in thousands)
Deferred tax assets:
Stock-based compensation expense	$	44,607		$	51,045
Accrued expenses		57,785			57,387
Intangibles		142,591			43,204
Deferred tax assets resulting from unrecognized tax benefits		11,365			10,817
Net operating losses		11,941			4,690
Accumulated other comprehensive loss		592			1,863
Gross deferred tax assets		268,881			169,006
Less valuation allowance		(6,851	)		(3,664	)
Net deferred tax assets		262,030			165,342
Deferred tax liabilities:
Property, plant and equipment		(123,108	)		(102,379	)
Investments in unconsolidated affiliates		(4,276	)		(5,782	)
Net deferred tax liabilities		(127,384	)		(108,161	)
Net:	$	134,646		$	57,181
Reflected on consolidated balance sheets:
Current deferred tax assets, net	$	55,579		$	71,093
Noncurrent deferred tax assets (liabilities), net		79,067			(13,912	)
Net deferred taxes	$	134,646		$	57,181

Schedule of the provision for income taxes charged to operations

Year ended December 31,	2014			2013			2012
	(in thousands)
Current tax expense (benefit)
Federal	$	17,413		$	96,537		$	96,490
State		8,764			2,200			14,448
Foreign		7,515			4,708			(3,366	)
Total current		33,692			103,445			107,572
Deferred tax (benefit) expense
Federal		(56,125	)		(207,337	)		44,874
State		(16,153	)		(17,646	)		109
Total deferred		(72,278	)		(224,983	)		44,983
Total income tax (benefit) provision	$	(38,586	)	$	(121,538	)	$	152,555

Reconciliation of the statutory federal income tax rate to the actual effective income tax rate

Year ended December 31,	2014			2013			2012
Percent of pretax (loss) income
Federal taxes		35.0	%		35.0	%		35.0	%
State and local income taxes		0.8	%		1.1	%		1.4	%
Permanent differences		(20.9	)%		(22.7	)%		5.3	%
Foreign		(1.6	)%		(0.1	)%		0.2	%
Other miscellaneous items		0.9	%		0.0	%		(0.1	)%
		14.2	%		13.3	%		41.8	%

Year ended December 31,	2014			2013			2012
	(in thousands)
Amount based upon pretax (loss) income
Federal taxes	$	(95,123	)	$	(320,557	)	$	127,584
State and local income taxes		(2,288	)		(9,677	)		5,044
Permanent differences		56,886			207,928			19,223
Foreign		4,356			1,200			886
Other miscellaneous items		(2,417	)		(432	)		(182	)
	$	(38,586	)	$	(121,538	)	$	152,555

Reconciliation of liability for unrecognized tax benefits

	Noncurrent tax liabilities
	(in thousands)
Balance at December 31, 2012	$	20,393
Additions based on current year positions		5,875
Additions based on prior year positions		1,056
Decreases due to settlements and/or reduction in reserves		(5,536	)
Currency translation adjustments		(1,822	)
Balance at December 31, 2013		19,966
Additions based on current year positions		6,016
Additions based on prior year positions		5,202
Payments made on account		(12,131	)
Decreases due to settlements and/or reduction in reserves		(8,385	)
Currency translation adjustments		(2,480	)
Balance at December 31, 2014	$	8,188