Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule Of Income Before Income Tax, Domestic and Foreign

Income from continuing operations before income tax expense (benefit) and equity in earnings (losses) of 50% or less owned companies derived from U.S. and foreign companies for the years ended December 31 were as follows (in thousands):



	2013			2012			2011
United States	$	71,669		$	82,383		$	14,556
Foreign	(7,596		)	(176		)	(5,886		)
Eliminations and other	3,559			(27,635		)	(4,901		)
	$	67,632		$	54,572		$	3,769

Components Of Income Tax Expense (Benefit)

The Company files a consolidated U.S. federal tax return. The components of income tax expense (benefit) for the years ended December 31 were as follows (in thousands):



	2013			2012			2011
Current:
State	$	1,723		$	3,604		$	2,814
Federal	6,311			36,057			18,715
Foreign	8,142			7,921			9,040
	16,176			47,582			30,569
Deferred:
State	(985		)	(40		)	(615		)
Federal	11,532			(23,572		)	(26,569		)
Foreign	24			211			(75		)
	10,571			(23,401		)	(27,259		)
	$	26,747		$	24,181		$	3,310

Components Of Effective Income Tax Rate Reconciliation

The following table reconciles the difference between the statutory federal income tax rate for the Company and the effective income tax rate on continuing operations for the years ended December 31:



	2013		2012		2011
Statutory rate	35.0	%	35.0	%	35.0	%
Non-deductible expenses	0.4	%	6.1	%	4.9	%
Reversal of valuation allowance on foreign tax credit carryforwards	—	%	(5.5	)%	—	%
Losses of foreign subsidiaries not benefited	5.1	%	4.2	%	17.2	%
State taxes	0.2	%	4.2	%	32.2	%
Other	(1.1	)%	0.3	%	(1.5	)%
	39.6	%	44.3	%	87.8	%

Components Of The Net Deferred Income Tax Liabilities

The components of the net deferred income tax liabilities for the years ended December 31 were as follows (in thousands):



	2013			2012
Deferred tax liabilities:
Property and Equipment	$	343,411		$	328,355
Long-term Debt	56,587			36,864
Unremitted earnings of foreign subsidiaries	40,321			41,382
Investments in 50% or Less Owned Companies	23,573			24,392
Other	9,050			7,235
Total deferred tax liabilities	472,942			438,228
Deferred tax assets:
Share award plans	8,347			6,920
Other	13,662			14,801
Total deferred tax assets	22,009			21,721
Valuation allowance	(6,778		)	(5,990		)
Net deferred tax assets	15,231			15,731
Net deferred tax liabilities	$	457,711		$	422,497