Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.6
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
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)
 
2012
 
2011
 
2010
Current:
 
 
 
 
 
 
Federal
 
$
74,074

 
$
27,470

 
$
34,255

State
 
11,890

 
9,796

 
6,896

 
 
85,964

 
37,266

 
41,151

Deferred:
 
 
 
 
 
 
Federal
 
14,978

 
39,934

 
6,695

State
 
2,704

 
3,414

 
929

 
 
17,682

 
43,348

 
7,624

Total provision for income taxes
 
$
103,646

 
$
80,614

 
$
48,775

Schedule Of Effective Income Tax Reconciliation Of The U.S. Statutory Federal Income Tax Rates
The following is a reconciliation of the U.S. statutory federal income tax rates with our effective income tax rates for 2012, 2011 and 2010:
 
 
Year Ended December 31,
(In thousands)
 
2012
 
2011
 
2010
Tax provision at statutory rate
 
$
95,584

 
$
77,029

 
$
43,549

State income taxes, net of federal benefit
 
10,211

 
7,480

 
5,002

Meals and entertainment disallowance
 
828

 
721

 
616

Tax credits
 
(2,609
)
 
(4,453
)
 
(744
)
Other, net
 
(368
)
 
(163
)
 
352

Total provision for income taxes
 
$
103,646

 
$
80,614

 
$
48,775

Schedule Of Deferred Tax Assets And Liabilities
Deferred tax assets and liabilities consist of the following:
 
 
December 31,
(In thousands)
 
2012
 
2011
Deferred tax assets:
 
 
 
 
Claims and insurance reserves
 
$
32,499

 
$
30,003

Allowance for doubtful accounts
 
2,829

 
2,827

Accrued vacation
 
12,399

 
9,339

Deferred compensation
 
17,734

 
14,441

Other
 
9,764

 
5,992

Total deferred tax assets
 
75,225

 
62,602

Valuation allowance
 
(559
)
 

Net deferred tax assets
 
74,666

 
62,602

 
 
 
 
 
Deferred tax liabilities:
 
 
 
 
Depreciation and amortization
 
(197,875
)
 
(169,309
)
Unrecognized revenue
 
(8,171
)
 
(6,995
)
Other
 
(1,752
)
 
(1,748
)
Total deferred tax liabilities
 
(207,798
)
 
(178,052
)
Net deferred tax liability
 
$
(133,132
)
 
$
(115,450
)
Schedule Of Net Deferred Tax Liability
Our net deferred tax liability consists of the following:
 
 
December 31,
(In thousands)
 
2012
 
2011
Current deferred tax asset
 
$
20,054

 
$
19,466

Noncurrent deferred tax liability
 
(153,186
)
 
(134,916
)
Net deferred tax liability
 
$
(133,132
)
 
$
(115,450
)