Income Taxes (Tables)

6 Months Ended

Jun. 30, 2011

Income Taxes

Reconciliation of the provision for income tax to the amount computed by applying the federal statutory rate

	Six months ended June 30, 2011
	Corporation			Partnership			Eliminations			Consolidated
(Loss) income before provision for income tax	$	(2,541	)	$	20,951		$	(3,298	)	$	15,112
Federal statutory rate	35		%	0		%	0		%
Federal income tax at statutory rate	$	(889	)	$	—		$	—		$	(889	)
Permanent items	(5		)	—			—			(5		)
State income taxes net of federal benefit	(72		)	107			—			35
Provision on income from Class A units (1)	1,311			—			—			1,311
Other	126			—			—			126
Provision for income tax	$	471		$	107		$	—		$	578

	Six months ended June 30, 2010
	Corporation			Partnership			Eliminations			Consolidated
Income before provision for income tax	$	29,408		$	86,615		$	(2,604	)	$	113,419
Federal statutory rate	35		%	0		%	0		%
Federal income tax at statutory rate	$	10,293		$	—		$	—		$	10,293
Permanent items	10			—			—			10
State income taxes net of federal benefit	1,049			496			—			1,545
Provision on income from Class A units (1)	8,599			—			—			8,599
Provision for income tax	$	19,951		$	496		$	—		$	20,447

(1) The Corporation and the General Partner of the Partnership own Class A units of the Partnership that were received in the merger of the Corporation and the Partnership completed in February 2008. For further discussion of Class A units, see Item 1. Business in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2010.