Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Reconciliation Of Income Tax Expense (Benefit) [Table Text Block]

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


	2019		2018		2017
	(In thousands)
Income tax expense (benefit) computed by applying the statutory rate	$	(144,092)	$	(11,290)	$	21,059
State income tax expense (benefit), net of federal benefit	(21,733)		(1,882)		1,655
Deferred tax liability revaluation ⁽¹⁾	—		—		(81,307)
Restricted stock shortfall	347		424		1,867
Non-controlling interest in Superior	(11)		(1,138)		—
Goodwill impairment	12,346		—		—
Valuation allowance	19,654		—		—
Statutory depletion and other	1,163		(110)		(952)
Income tax benefit	$	(132,326)	$	(13,996)	$	(57,678)

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1.In 2017, the revaluation from the Tax Act.

Schedule Of Total Provision For Income Taxes [Table Text Block]

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


	2019		2018		2017
	(In thousands)
Current taxes:
Federal	$	(918)	$	(1,835)	$	—
State	(363)		(1,296)		5
	(1,281)		(3,131)		5
Deferred taxes:
Federal	(108,440)		(8,741)		(62,788)
State	(22,605)		(2,124)		5,105
	(131,045)		(10,865)		(57,683)
Total provision	$	(132,326)	$	(13,996)	$	(57,678)

Schedule Of Deferred Tax Assets And Liabilities [Table Text Block]

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


	2019		2018
	(In thousands)
Deferred tax assets:
Allowance for losses and nondeductible accruals	$	31,822	$	27,953
Net operating loss carryforward	246,927		152,112
Alternative minimum tax and research and development tax credit carryforward	2,656		3,574
	281,405		183,639
Deferred tax liability:
Depreciation, depletion, amortization, and impairment	(226,034)		(291,542)
Investment in Superior	(49,430)		(36,845)
Net deferred tax asset (liability)	5,941		(144,748)
Valuation allowance	(19,654)		—
Current deferred tax asset	—		—
Non-current—deferred tax liability	$	(13,713)	$	(144,748)