Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Summary of components of income tax (benefit) expense from continuing operations

The following table summarizes the components of income tax expense (benefit) from continuing operations for the years ended December 31, 2013, 2012 and 2011:



(Amounts in thousands)	Current			Deferred			Total
2013:
U.S. federal	$	—		$	39,077		$	39,077
Foreign	9,868			(1,123		)	8,745
State and local	2,818			(3,039		)	(221		)
Income tax expense	$	12,686		$	34,915		$	47,601
2012:
U.S. federal	$	—		$	(193,457	)	$	(193,457	)
Foreign	6,281			1,181			7,462
State and local	3,732			(1,891		)	1,841
Income tax expense (benefit)	$	10,013		$	(194,167	)	$	(184,154	)
2011:
U.S. federal	$	—		$	(13,063	)	$	(13,063	)
Foreign	6,716			(599		)	6,117
State and local	(80		)	(1,039		)	(1,119		)
Income tax expense (benefit)	$	6,636		$	(14,701	)	$	(8,065	)

Schedule of recorded income tax (benefit) expense allocated to income (loss) from continuing operations differed from amounts computed by applying the U.S. federal income tax rate

Recorded income tax expense (benefit) allocated to income from continuing operations differed from amounts computed by applying the U.S. federal income tax rate of 35% to income before income taxes as a result of the following:



	Year Ended December 31,
(Amounts in thousands)	2013			2012			2011
Computed "expected" federal income tax expense	$	71,374		$	74,064		$	1,358
Change in valuation allowance	13,144			(246,469		)	(9,283		)
Effect of state and local income taxes, net of federal tax benefit	(144		)	1,196			685
Effect of noncontrolling interest income distribution	(13,412		)	(12,986		)	(12,532		)
Nondeductible compensation	2,265			805			11,654
Effect of foreign income taxes	(1,495		)	958			308
Effect of foreign earnings earned and remitted in the same year	195			1,446			—
Effect of foreign tax credits	(17,387		)	—			—
Reorganization items and fresh start accounting adjustments, net	—			759			859
Other, net	(6,939		)	(3,927		)	(1,114		)
Income tax expense (benefit)	$	47,601		$	(184,154	)	$	(8,065	)

Summarizes the components of deferred income tax assets and deferred tax liabilities

The following table summarizes the components of deferred income tax assets and deferred tax liabilities as of December 31, 2013 and 2012:



	December 31,
(Amounts in thousands)	2013		2012
Deferred tax assets	$	544,466	$	561,216
Less: Valuation allowance	190,288		177,353
Net deferred tax assets	354,178		383,863
Deferred tax liabilities	428,247		411,447
Net deferred tax liability	$	74,069	$	27,584



	December 31,
(Amounts in thousands)	2013		2012
Deferred tax assets:
Federal net operating loss carryforwards	$	241,712	$	288,675
State net operating loss carryforwards	196,814		180,777
Foreign tax credits	17,387		—
Alternative minimum tax credits	6,591		6,591
Accrued insurance, pension liability and other	81,962		85,173
Total deferred tax assets	$	544,466	$	561,216

Deferred tax liabilities:
Property and equipment	$	299,633	$	287,992
Intangible assets and other	128,614		123,455
Total deferred tax liabilities	$	428,247	$	411,447

Schedule of change in valuation allowance attributable to income (loss) from continuing operations, discontinued operations and other comprehensive loss and equity

The change in valuation allowance attributable to income from continuing operations, discontinued operations and other comprehensive loss and equity is presented below:



	Year Ended December 31,
(Amounts in thousands)	2013			2012			2011
Continuing operations	$	13,144		$	(246,469	)	$	(9,283	)
Discontinued operations	(209		)	(2,763		)	(457		)
Changes in other comprehensive loss and equity	—			—			16,226
Total change in valuation allowance	$	12,935		$	(249,232	)	$	6,486