Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

The United States and foreign components of income before income taxes, equity in earnings in affiliates, and discontinued operations are as follows:



	2013			2012			2011
	(In thousands)
Income before income taxes, equity in earnings in affiliates, and discontinued operations
United States	$	71,667		$	91,048		$	96,670
Foreign	13,480			9,370			14,583
	85,147			100,418			111,253
Discontinued operations:
Income (loss) from operation of discontinued business	(2,265		)	(18,465		)	12,572
Total	$	82,882		$	81,953		$	123,825

axes consists of the following components:



	2013			2012			2011
	(In thousands)
Continuing Operations:
Federal income taxes:
Current	$	(26,841	)	$	36,631		$	(4,198	)
Deferred	(4,449		)	(78,275		)	36,716
	(31,290		)	(41,644		)	32,518
State income taxes:
Current	2,294			5,020			2,099
Deferred	(1,221		)	(8,770		)	4,732
	1,073			(3,750		)	6,831
Foreign income taxes:
Current	4,445			5,497			4,211
Deferred	(278		)	(665		)	(388		)
	4,167			4,832			3,823
Total U.S. and foreign	(26,050		)	(40,562		)	43,172
Discontinued operations:
Tax (benefit) provision allocated to discontinued operations	—			(7,805		)	4,753
Total	$	(26,050	)	$	(48,367	)	$	47,925

A reconciliation of the statutory U.S. federal tax rate of 35.00% and the effective income tax rate is as follows:



	2013			2012			2011
	(In thousands)
Continuing operations:
Provisions using statutory federal income tax rate	$	29,801		$	35,147		$	38,939
State income taxes, net of federal tax benefit	1,104			4,291			4,480
REIT Benefit	(34,454		)	—			—
Impact of REIT election	(14,946		)	(79,033		)	—
Change in contingent tax liabilities	(5,701		)	—			(337		)
Impact of nondeductible transaction costs	—			—			65
Reenactment of Federal Tax Credits	(1,084		)	—			—
Other, net	(770		)	(967		)	25
Total continuing operations	(26,050		)	(40,562		)	43,172
Discontinued operations:
Tax benefit from operations of discontinued business	—			(7,805		)	4,753
Provision for income taxes	$	(26,050	)	$	(48,367	)	$	47,925

The following table presents the breakdown between current and non-current net deferred tax assets as of December 31, 2013 and 2012:



	2013			2012
	(In thousands)
Deferred tax assets - current	$	20,936		$	18,290
Deferred tax liabilities - current	—			—
Deferred tax assets - non current	4,821			2,532
Deferred tax liabilities - non current	(14,689		)	(15,703		)
Total net deferred tax assets	$	11,068		$	5,119

The significant components of the Company's deferred tax assets and liabilities consisted of the following as of December 31, 2013 and 2012:



	2013			2012
Deferred tax assets:	(In thousands)
Net operating losses	$	22,461		$	23,062
Accrued liabilities	18,879			13,060
Deferred compensation	8,604			7,666
Accrued compensation	5,736			6,433
Deferred revenue	5,523			—
Deferred rent	5,264			4,864
Tax credits	4,326			8,380
Equity awards	3,822			1,816
Other, net	309			8,060
Valuation allowance	(12,704		)	(13,506		)
Total deferred tax assets	$	62,220		$	59,835
Deferred tax liabilities:
Intangible assets	$	(43,699	)	$	(45,955	)
Depreciation	(7,453		)	(8,761		)
Total deferred tax liabilities	$	(51,152	)	$	(54,716	)

Total net deferred tax assets	$	11,068		$	5,119

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



	2013			2012			2011
	(In thousands)
Balance at Beginning of Period	$	18,499		$	6,528		$	9,062
Additions based on tax positions related to the current year	—			2,437			13
Additions for tax positions of prior years	1,543			13,356			43
Additions from current year acquisitions	—			—			3,848
Reductions for tax positions of prior years	—			—			(3,237		)
Reductions as a result of a lapse of applicable statutes of limitations	(1,298		)	(592		)	(845		)
Settlements	(15,978		)	(3,230		)	(2,356		)
Balance at End of Period	$	2,766		$	18,499		$	6,528