Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.6.0.2
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Components Of The Provision For Income Taxes
The components of the provision for income taxes are as follows:
 
 
Year Ended December 31,
(In thousands)
 
2016
 
2015
 
2014
Current:
 
 
 
 
 
 
Federal
 
$
126,903

 
$
120,437

 
$
123,598

State
 
20,111

 
21,248

 
15,858

 
 
147,014

 
141,685

 
139,456

Deferred:
 
 
 
 
 
 
Federal
 
29,354

 
38,549

 
21,542

State
 
5,454

 
5,093

 
4,002

 
 
34,808

 
43,642

 
25,544

Total provision for income taxes
 
$
181,822

 
$
185,327

 
$
165,000

Schedule Of Effective Income Tax Reconciliation Of The U.S. Statutory Federal Income Tax Rates

The following is a reconciliation of income tax expense calculated using the U.S. statutory federal income tax rate with our income tax expense for 2016, 2015 and 2014:
 
 
Year Ended December 31,
(In thousands)
 
2016
 
2015
 
2014
Tax provision at statutory rate
 
$
167,156

 
$
171,506

 
$
151,380

State income taxes, net of federal benefit
 
16,711

 
17,097

 
14,120

Meals and entertainment disallowance
 
964

 
1,035

 
959

Tax credits
 
(2,408
)
 
(3,036
)
 
(1,307
)
Other, net
 
(601
)
 
(1,275
)
 
(152
)
Total provision for income taxes
 
$
181,822

 
$
185,327

 
$
165,000

Schedule Of Deferred Tax Assets And Liabilities
Deferred tax assets and liabilities, which are included in "Other assets" and "Deferred income taxes" on our Balance Sheets, consist of the following:
 
 
December 31,
(In thousands)
 
2016
 
2015
Deferred tax assets:
 
 
 
 
Claims and insurance reserves
 
$
43,409

 
$
41,576

Allowance for doubtful accounts
 
1,198

 
1,730

Accrued vacation
 
24,227

 
22,174

Deferred compensation
 
40,742

 
33,382

Other
 
10,395

 
12,008

Total deferred tax assets
 
119,971

 
110,870

 
 
 
 
 
 
 
 
 
 
Deferred tax liabilities:
 
 
 
 
Depreciation and amortization
 
(376,034
)
 
(334,379
)
Unrecognized revenue
 
(11,465
)
 
(10,062
)
Other
 
(2,334
)
 
(1,483
)
Total deferred tax liabilities
 
(389,833
)
 
(345,924
)
Net deferred tax liability
 
$
(269,862
)
 
$
(235,054
)