Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Schedule of Income tax expense

Income tax expense for the years ended December 31, 2012, 2011 and 2010 consists of the following:

	2012		2011		2010
Current:
Federal	$	34,457	$	18,906	$	(5,562	)
State		5,190		2,877		1,920
Total current		39,647		21,783		(3,642	)
Deferred
Federal		16,132		7,237		52,369
State		1,150		878		3,387
Total deferred		17,282		8,115		55,756
Total income tax expense	$	56,929	$	29,898	$	52,114

Schedule of Income tax expense computed using federal income tax rate

Income tax expense for the years ended December 31, 2012, 2011 and 2010 differs from amounts computed by applying the applicable U.S. federal income tax rate as follows:

	2012			2011			2010
Computed expected income tax expense	$	54,831		$	30,749		$	48,657
State income tax expense		4,122			2,441			3,478
Domestic Production Activity Deduction		(2,695	)		(1,190	)		(595	)
Settlements of tax matters		–			(2,972	)		–
Other		671			870			574
Total income tax expense	$	56,929		$	29,898		$	52,114
Effective income tax rate		36.3	%		34.0	%		37.5	%

Schedule of deferred tax liabilities and assets

Significant components of Belo’s deferred tax liabilities and assets as of December 31, 2012 and 2011, are as follows:

	2012			2011
Deferred tax liabilities:
Excess tax amortization	$	298,959		$	284,257
Excess tax depreciation		10,159			12,105
Expenses deductible for tax purposes in a year different from the year accrued		22,295			16,507
Total deferred tax liabilities		331,413			312,869
Deferred tax assets:
Accrued pension liability		50,658			47,030
Deferred compensation and benefits		12,409			11,174
State taxes		6,656			6,254
Net operating losses, state		5,614			5,664
Expenses deductible for tax purposes in a year different from the year accrued		3,190			3,383
Other		2,058			2,239
Deferred tax assets		80,585			75,744
Valuation allowance for deferred taxes		(5,614	)		(5,664	)
Total deferred tax assets, net		74,971			70,080
Net deferred tax liability	$	256,442		$	242,789

Summary of uncertain tax positions, excluding related accrued interest and penalties

The table below summarizes the change in reserve for uncertain tax positions, excluding related accrued interest and penalties.

	2012			2011
Balance at January 1	$	888		$	4,248
Increases in tax positions for prior years		–			255
Decreases in tax positions for prior years		(351	)		–
Settlements with taxing authorities		–			(3,615	)
Balance at end of year	$	537		$	888