Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes [Abstract]

Components of Income Tax Expense

Income tax expense is comprised of the following:

(In thousands)	Year Ended December 31,
	2016		2015			2014
Current taxes
Federal	$	(426)	$	457	$		483
State		311		670			263
Deferred taxes
Federal		18,910		23,342			22,936
State		3,178		4,816			3,876
Total	$	21,973	$	29,285	$		27,558

Significant Components of Net Deferred Tax Asset and Liability

The following table sets forth the significant components of our net deferred tax asset and liability as of December 31, 2016 and 2015:

(In thousands)	December 31, 2016			December 31, 2015
Deferred tax asset:
Accruals and reserves	$	4,085		$	9,809
Deferred compensation		4,344			6,010
Share-based payments		5,818			8,344
Net operating loss carryforwards		68,271			30,545
Capital loss carryforwards		11,861			—
Cash conversion derivative and cash convertible notes hedge, respectively		4,592			9,539
Basis difference on joint ventures		1,621			6,466
Other assets		4,297			3,933
		104,889			74,646
Valuation allowance		(15,176	)		(13,594	)
	$	89,713		$	61,052
Deferred tax liability:
Property and equipment	$	(2,386	)	$	(49,645	)
Intangible assets		(21,520	)		(17,666	)
Cash convertible notes hedge and cash conversion derivative, respectively		(4,592	)		(9,539	)
Other liabilities		(1,653	)		(102	)

		(30,151	)		(76,952	)
Net deferred tax asset (liability)	$	59,562		$	(15,900	)
Net current deferred tax asset	$	—		$	7,717
Net long-term deferred tax asset (liability)		59,562			(23,617	)
	$	59,562		$	(15,900	)

Difference between Income Tax Expense Computed using Statutory Federal Income Tax Rate and effective rate

The difference between income tax expense computed using the statutory federal income tax rate and the effective rate is as follows:

(In thousands)	Year Ended December 31,
	2016		2015		2014
Statutory federal income tax	$	27,321	$	25,522	$	24,638
State income taxes, less federal income tax benefit		3,801		3,488		3,334
Permanent items		954		167		230
Change in valuation allowance		(9,615)		—		—
Prior year tax adjustments		(444)		108		6
State income tax credits		(44)		—		(650)
Income tax expense	$	21,973	$	29,285	$	27,558

Changes in Unrecognized Tax Benefits

The aggregate changes in the balance of unrecognized tax benefits, exclusive of interest, were as follows:

(In thousands)
Unrecognized tax benefits at December 31, 2014	$	253
Decreases based upon settlements with taxing authorities		(253	)
Unrecognized tax benefits at December 31, 2015	$	—
Increases (decreases) in 2016		—
Unrecognized tax benefits at December 31, 2016	$	—