Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of components of income tax expense (benefit)

Components of the provision for income taxes are as follows (in thousands):



	2013			2012			2011
Current provision:
Federal	$	22,727		$	21,103		$	16,918
State and local	2,462			2,351			3,423
Foreign	—			(38		)	(149		)
	25,189			23,416			20,192
Deferred:
Federal	5,788			8,292			12,798
State and local	(504		)	1,367			1,299
	5,284			9,659			14,097
	$	30,473		$	33,075		$	34,289

The Company’s income tax expense is different from the amount computed by applying the federal statutory income tax rate to income before taxes as follows (in thousands):



	2013			2012			2011
Federal statutory tax on earnings before income taxes	$	29,928		$	31,929		$	33,280
State income taxes, net of federal income tax benefit	1,514			2,185			3,283
Non-deductible lobbying and contributions	723			946			517
Tax credits and incentives	(663		)	(494		)	(775		)
Tax adjustments	(174		)	(1,093		)	(434		)
Accruals and settlements related to tax audits	(395		)	(686		)	(426		)
Valuation allowance	(220		)	—			105
Change in effective state tax rates	(383		)	197			(714		)
Other permanent differences	143			91			(547		)
	$	30,473		$	33,075		$	34,289

Schedule of deferred tax assets and liabilities

Components of the Company’s deferred tax assets and liabilities are as follows (in thousands):



	2013			2012
Deferred tax assets:
Deferred compensation plans	$	14,271		$	12,022
Deferred income	6,328			8,396
Allowance for uncollectible receivables	1,295			281
Deferred liabilities	3,574			4,239
Net operating losses and credit carryforward	19,186			20,749
Deferred tax assets	44,654			45,687
Valuation allowance	(1,213		)	(1,334		)
Net deferred tax asset	43,441			44,353
Deferred tax liabilities:
Intangible assets in excess of tax basis	22,749			18,725
Property and equipment in excess of tax basis	40,135			40,175
Other	2,246			1,874
Deferred tax liabilities	65,130			60,774
Net deferred tax liability	$	(21,689	)	$	(16,421	)
Income taxes are classified in the balance sheet as follows:
Net current deferred tax asset	$	8,927		$	8,227
Net non-current deferred tax liability	(30,616		)	(24,648		)
	$	(21,689	)	$	(16,421	)

Schedule of valuation allowance for deferred tax assets

The changes in the valuation allowance for deferred tax assets for the years ended December 31, 2013 and 2012 are as follows (in thousands):



	2013			2012
Balance at beginning of the year	$	1,334		$	1,487
Charged to costs and expenses	168			—
Charged to other accounts	—			33
Deductions	(289		)	(186		)
Balance at end of the year	$	1,213		$	1,334

Summary of income tax contingencies

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):



	2013			2012			2011
Balance as of January 1	$	8,565		$	2,109		$	2,926
Additions for tax positions related to the current year	190			—			—
Additions for tax positions of prior years	207			7,390			—
Reductions for tax positions of prior years	(8,380		)	(934		)	(817		)
Balance as of December 31	$	582		$	8,565		$	2,109

- 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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