Deferred Tax Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Significant components of income (loss) before taxes are as follows:

(In thousands)	2012		2011			2010
Domestic	$	113,132	$	93,926		$	(31,015	)
Foreign	20,482		(20,753		)	633
	$	133,614	$	73,173		$	(30,382	)

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes is comprised of the following:

(In thousands)	2012			2011			2010
Income taxes:
Current federal	$	(1,081	)	$	399		$	1,174
Current state and local	743			894			1,748
Current foreign	(4,152		)	(2,381		)	6,493
Total current	(4,490		)	(1,088		)	9,415
Deferred federal, state and local	9,237			1,866			(8,883		)
Deferred foreign	18,265			(1,189		)	(5,781		)
Total deferred	27,502			677			(14,664		)
	$	23,012		$	(411	)	$	(5,249	)

Schedule of Effective Income Tax Rate Reconciliation

The sources and tax effects of the differences are as follows:

(In thousands)	2012			2011			2010
Income tax provision (benefit) based on the U.S. federal statutory tax rate	$	46,765		$	25,611		$	(10,634	)
Partnership loss (income) not deductible (includible) from (in) corporate income	(21,273		)	(16,188		)	4,115
State and local taxes, net of federal income tax benefit	3,486			1,674			(930		)
Valuation allowance	(6,030		)	(10,460		)	4,425
Tax credits	(2,100		)	(1,791		)	(2,706		)
Nondeductible expenses and other	2,164			743			481
	$	23,012		$	(411	)	$	(5,249	)

Schedule of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities as of December 31, 2012 and 2011 are as follows:

(In thousands)	2012			2011
Deferred tax assets:
Options and deferred compensation	$	7,741		$	10,236
Accrued expenses	4,519			3,841
Foreign tax credits	31,162			40,439
Tax attribute carryforwards	10,948			20,209
Derivatives	10,661			6,808
Intangibles	—			508
Other	4,126			1,789
Deferred tax assets	69,157			83,830
Valuation allowance	(11,253		)	(17,283		)
Net deferred tax assets	57,904			66,547
Deferred tax liabilities:
Property	(190,976		)	(181,629		)
Intangibles	(3,864		)	—
Foreign currency translation	(8,672		)	(5,000		)
Deferred tax liabilities	(203,512		)	(186,629		)
Net deferred tax liability	$	(145,608	)	$	(120,082	)

Schedule of Net Current and Noncurrent Components of Deferred Taxes

The net current and non-current components of deferred taxes recognized as of December 31, 2012 and 2011 in the consolidated balance sheets are as follows:

(In thousands)	2012			2011
Net current deferred tax asset	$	8,184		$	10,345
Net non-current deferred tax liability	(153,792		)	(130,427		)
Net deferred tax liability	$	(145,608	)	$	(120,082	)

Summary of Income Tax Contingencies

The following is a reconciliation of beginning and ending amounts unrecognized tax benefits:

	(in thousands)
Balance, beginning of year	$	—
Increase from current year tax positions	1,100
Increase from prior year's tax positions	—
Decrease from settlements with taxing authority	—
Decrease from expiration of statute of limitations	—
Balance, end of year	$	1,100