INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES

Schedule of component of income tax provision reflected in the consolidated statements of operations

(In thousands)	12 Months Ended December 31, 2014			12 Months Ended December 31, 2013			From Inception August 31, 2012 through December 31, 2012		March 30, 2012 through August 30, 2012
	(Successor)			(Successor)			(Successor)		(Predecessor)
Current:
Federal	$	—		$	—		$	—	$	—
Foreign		—			—			—		—
State		1,250			4,045			480		3,700
Total current		1,250			4,045			480		3,700
Deferred:
Federal		43,869			(229,778	)		3,020		—
Foreign		—			—			—		—
State		(11,439	)		(36,820	)		—		—
Total deferred		32,430			(266,598	)		3,020		—
Total provision (benefit)		33,680			(262,553	)		3,500		3,700
Tax provision from discontinued operations		210			830			—		1,200
Total provision (benefit) from continuing operations	$	33,470		$	(263,383	)	$	3,500	$	2,500

Schedule of pre-tax income (losses)

(In thousands)	12 Months Ended December 31, 2014		12 Months Ended December 31, 2013			From Inception August 31, 2012 through December 31, 2012			March 30, 2012 through August 30, 2012
	(Successor)		(Successor)			(Successor)			(Predecessor)
Domestic	$	97,303	$	103,526		$	(39,294	)	$	98,093
Foreign		457		(1,679	)		124			7
Total	$	97,760	$	101,847		$	(39,170	)	$	98,100

Schedule of the difference between the effective tax rate on earnings (loss) from continuing operations before income taxes and the U.S. federal income tax statutory rate

(In thousands)	12 Months Ended December 31, 2014			12 Months Ended December 31, 2013			From Inception August 31, 2012 through December 31, 2012			March 30, 2012 through August 30, 2012
	(Successor)			(Successor)			(Successor)			(Predecessor)
Income tax expense (benefit) at the federal statutory rate	$	34,035		$	34,902		$	(13,470	)	$	21,600
Effect of:
State income taxes		195			1,479			(1,930	)		2,500
Increase in reserve for uncertain tax positions		1,050			2,193			—			—
Federal and state credits		(2,985	)		(2,600	)		—			—
Change in net operating loss carryforward for excess tax deductions		—			(28,206	)		—			—
Permanent items		1,485			537			20			100
Other		(1,100	)		(6,088	)		—			—
Valuation allowance		790			(265,600	)		18,880			(21,700	)
Income tax expense (benefit)	$	33,470		$	(263,383	)	$	3,500		$	2,500
Effective income tax rate		34.4	%		(264.1	)%		(9.1	)%		4.0	%

Schedule of significant components of deferred income tax assets and liabilities

	December 31, 2014						December 31, 2013
	Deferred Income Tax						Deferred Income Tax
(In thousands)	Assets			Liabilities			Assets		Liabilities
	(Successor)						(Successor)
Tangible assets	$	—		$	(113,456	)	$	—	$	(102,669	)
Accrued reserves		31,430			—			33,156		—
Intangible assets		—			(101,725	)		—		(89,761	)
Receivables		—			(5,206	)		—		(3,513	)
Investments		—			(233,005	)		—		(227,718	)
Capital loss carryforwards		50			—			564		—
Pension postretirement and deferred compensation		33,581			—			29,290		—
Corporate borrowings		19,127			—			43,839		—
Deferred revenue		154,583			—			154,155		—
Lease liabilities		111,250			—			97,307		—
Capital and financing lease obligations		35,654			—			37,956		—
Alternative minimum tax and other credit carryovers		21,802			—			19,545		—
Charitable contributions		158			—			—		—
Net operating loss carryforwards		228,302			—			214,770		—
Total	$	635,937		$	(453,392	)	$	630,582	$	(423,661	)
Less: Valuation allowance		(790	)		—			—		—
Total deferred income taxes	$	635,147		$	(453,392	)	$	630,582	$	(423,661	)

Schedule of rollforward of the Company's valuation allowance for deferred tax assets

(In thousands)	Balance at Beginning of Period		Additions Charged (Credited) to Revenues, Costs and Expenses			Charged (Credited) to Goodwill			Charged (Credited) to Other Accounts(1)			Balance at End of Period
Calendar Year 2014
Valuation allowance-deferred income tax assets	$	—		790			—			—		$	790
Calendar Year 2013
Valuation allowance-deferred income tax assets	$	248,420		(265,600	)		11,088			6,092		$	—
From Inception August 31, 2012 through December 31, 2012
Valuation allowance-deferred income tax assets	$	232,985		18,880			195			(3,640	)	$	248,420
March 30, 2012 through August 30, 2012
Valuation allowance-deferred income tax assets	$	413,666		(21,700	)		(158,981	)		—		$	232,985

(1) Primarily relates to amounts resulting from the Company's tax sharing arrangement, changes in deferred tax assets and associated valuation allowance that are not related to income statement activity as well as amounts charged to other comprehensive income.

Schedule of reconciliation of the change in the amount of unrecognized tax benefits

(In millions)	12 Months Ended December 31, 2014		12 Months Ended December 31, 2013			From Inception August 31, 2012 through December 31, 2012			March 30, 2012 through August 30, 2012
	(Successor)		(Successor)			(Successor)			(Predecessor)
Balance at beginning of period	$	27.4	$	21.9		$	22.4		$	22.7
Gross increases—current period tax positions		1.6		3.8			—			0.6
Gross increases—prior period tax positions		1.5		2.2			—			—
Favorable resolutions with authorities		—		(0.5	)		—			—
Cash settlements		—		—			(0.5	)		(0.9	)
Balance at end of period	$	30.5	$	27.4		$	21.9		$	22.4