Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.6
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2011
Income Taxes [Abstract]  
Components Of The Provision For Income Taxes
     Year Ended December 31,  

(In thousands)

   2011      2010      2009  

Current:

        

Federal

   $ 27,470       $ 34,255       $ 7,910   

State

     9,796         6,896         3,605   
  

 

 

    

 

 

    

 

 

 
     37,266         41,151         11,515   

Deferred:

        

Federal

     39,934         6,695         9,752   

State

     3,414         929         1,027   
  

 

 

    

 

 

    

 

 

 
     43,348         7,624         10,779   
  

 

 

    

 

 

    

 

 

 

Total provision for income taxes

   $ 80,614       $ 48,775       $ 22,294   
  

 

 

    

 

 

    

 

 

 
Schedule Of Effective Income Tax Reconciliation Of The U.S. Statutory Federal Income Tax Rates
     Year Ended December 31,  

(In thousands)

   2011     2010     2009  

Tax provision at statutory rate on income before income taxes

   $ 77,029      $ 43,549     $ 20,008  

State income taxes, net of federal benefit

     7,480        5,002       2,359  

Meals and entertainment disallowance

     721        616       521  

Tax credits

     (4,453     (744     (783

Other, net

     (163     352       189  
  

 

 

   

 

 

   

 

 

 

Total provision for income taxes

   $ 80,614      $ 48,775      $ 22,294  
  

 

 

   

 

 

   

 

 

 
Schedule Of Deferred Tax Assets And Liabilities
     December 31,  

(In thousands)

   2011     2010  

Deferred tax assets:

    

Claims and insurance reserves

   $ 33,424     $ 30,823  

Allowance for doubtful accounts

     2,827       2,642  

Accrued vacation

     9,339       8,332  

Deferred compensation

     14,441       12,204  

Other

     11,036       6,652  
  

 

 

   

 

 

 

Total deferred tax assets

     71,067       60,653  

Deferred tax liabilities:

    

Depreciation

     (174,353     (122,950

Unrecognized revenue

     (6,995     (6,084

Employee benefits

     (3,421     (2,544

Other

     (1,748     (1,177
  

 

 

   

 

 

 

Total deferred tax liabilities

     (186,517     (132,755
  

 

 

   

 

 

 

Net deferred tax liability

   $ (115,450   $ (72,102
  

 

 

   

 

 

 
Schedule Of Net Deferred Tax Liability
     December 31,  

(In thousands)

   2011     2010  

Current deferred tax asset

   $ 19,466      $ 18,666   

Noncurrent deferred tax liability

     (134,916     (90,768
  

 

 

   

 

 

 

Net deferred tax liability

   $ (115,450   $ (72,102