Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

A reconciliation of income tax expense, computed by applying the federal statutory rate to pre-tax income to our effective income tax expense is as follows:



	2013		2012		2011
	(In thousands)
Income tax expense computed by applying the statutory rate	$	105,514	$	13,791	$	111,651
State income tax, net of federal benefit	8,290		1,084		8,941
Statutory depletion and other	2,919		1,351		2,543
Income tax expense	$	116,723	$	16,226	$	123,135

Schedule Of Total Provision For Income Taxes

For the periods indicated, the total provision for income taxes consisted of the following:



	2013		2012			2011
	(In thousands)
Current taxes:
Federal	$	15,845	$	2,084		$	(3,159	)
State	146		(1,388		)	743
	15,991		696			(2,416		)
Deferred taxes:
Federal	87,839		13,768			109,363
State	12,893		1,762			16,188
	100,732		15,530			125,551
Total provision	$	116,723	$	16,226		$	123,135

Schedule Of Deferred Tax Assets And Liabilities

Deferred tax assets and liabilities are comprised of the following at December 31:



	2013			2012
	(In thousands)
Deferred tax assets:
Allowance for losses and nondeductible accruals	$	77,285		$	74,890
Net operating loss carryforward	61,055			56,020
Alternative minimum tax credit carryforward	17,258			1,972
	155,598			132,882
Deferred tax liability:
Depreciation, depletion, amortization and impairment	(943,411		)	(819,893		)
Net deferred tax liability	(787,813		)	(687,011		)
Current deferred tax asset	13,585			8,765
Non-current—deferred tax liability	$	(801,398	)	$	(695,776	)