Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of our provision for income taxes attributable to continuing operations for the periods presented are as follows (in thousands):

	Years Ended December 31,
	2013			2012			2011
Federal
Current	$	8,274		$	18,142		$	17,820
Deferred	(13,029		)	(21,167		)	6,867
	(4,755		)	(3,025		)	24,687
State and Local
Current	4,970			12,303			9,079
Deferred	(3,665		)	(5,644		)	1,968
	1,305			6,659			11,047
Foreign
Current	7,144			3,138			1,480
Deferred	(2,442		)	—			—
	4,702			3,138			1,480
Total Provision	$	1,252		$	6,772		$	37,214

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes at December 31, 2013 and 2012 consist of the following (in thousands):

	At December 31,
	2013			2012
Deferred Tax Assets
Net operating loss carry-forwards	$	17,034		$	15,133
Unearned and deferred compensation	29,104			17,272
Basis differences — foreign investments	4,482			—
Other	10,565			10,832
Total deferred income taxes	61,185			43,237
Valuation allowance	(18,214		)	(15,133		)
Net deferred income taxes	42,971			28,104
Deferred Tax Liabilities
Basis differences — equity investees	(9,870		)	(13,251		)
Basis differences — foreign investments	(38,405		)	—
Receivables from affiliates	(30,248		)	(31,598		)
Other	(187		)	(583		)
Total deferred tax liabilities	(78,710		)	(45,432		)
Net Deferred Tax Liability	$	(35,739	)	$	(17,328	)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for income taxes with the amount computed by applying the statutory federal income tax rate to income before provision for income taxes for the periods presented is as follows (in thousands, except percentages):

	Years Ended December 31,
	2013					2012					2011
Income from continuing operations before income taxes	$	85,889				$	94,343				$	190,225
Pre-tax income attributable to pass-through subsidiaries	(96,314		)			(94,755		)			(111,664		)
Pre-tax (loss) income attributable to taxable     subsidiaries	(10,425		)			(412		)			78,561
Federal provision at statutory tax rate (35%)	(3,649		)	(35.0	)%	(144		)	(35.0	)%	27,496			35.0	%
State and local taxes, net of federal benefit	(166		)	(1.6	)%	616			149.5	%	7,409			9.4	%
Amortization of intangible assets	492			4.7	%	465			112.9	%	486			0.6	%
Other	(302		)	(2.9	)%	1,069			261.2	%	272			0.4	%
Tax provision — taxable subsidiaries	(3,625		)	(34.8	)%	2,006			488.6	%	35,663			45.4	%
Current foreign taxes	7,144					3,138					1,480
Deferred foreign taxes	(2,442		)			—					—
Other state and local taxes	175					1,628					71
Total provision	$	1,252				$	6,772				$	37,214