Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.1.9
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
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)
 
2014
 
2013
 
2012
Current:
 
 
 
 
 
 
Federal
 
$
123,598

 
$
74,202

 
$
74,074

State
 
15,858

 
15,635

 
11,890

 
 
139,456

 
89,837

 
85,964

Deferred:
 
 
 
 
 
 
Federal
 
21,542

 
28,593

 
14,978

State
 
4,002

 
4,143

 
2,704

 
 
25,544

 
32,736

 
17,682

Total provision for income taxes
 
$
165,000

 
$
122,573

 
$
103,646

Schedule Of Effective Income Tax Reconciliation Of The U.S. Statutory Federal Income Tax Rates
2014, 2013 and 2012:
 
 
Year Ended December 31,
(In thousands)
 
2014
 
2013
 
2012
Tax provision at statutory rate
 
$
151,380

 
$
115,040

 
$
95,584

State income taxes, net of federal benefit
 
14,120

 
12,083

 
10,211

Meals and entertainment disallowance
 
959

 
872

 
828

Tax credits
 
(1,307
)
 
(5,422
)
 
(2,609
)
Other, net
 
(152
)
 

 
(368
)
Total provision for income taxes
 
$
165,000

 
$
122,573

 
$
103,646

Schedule Of Deferred Tax Assets And Liabilities
Deferred tax assets and liabilities consist of the following:
 
 
December 31,
(In thousands)
 
2014
 
2013
Deferred tax assets:
 
 
 
 
Claims and insurance reserves
 
$
36,690

 
$
35,200

Allowance for doubtful accounts
 
2,161

 
1,595

Accrued vacation
 
19,291

 
14,873

Deferred compensation
 
28,648

 
22,067

Other
 
12,924

 
10,648

Total deferred tax assets
 
99,714

 
84,383

Valuation allowance
 
(559
)
 
(460
)
Net deferred tax assets
 
99,155

 
83,923

 
 
 
 
 
Deferred tax liabilities:
 
 
 
 
Depreciation and amortization
 
(279,324
)
 
(239,971
)
Unrecognized revenue
 
(9,506
)
 
(8,169
)
Other
 
(1,737
)
 
(1,651
)
Total deferred tax liabilities
 
(290,567
)
 
(249,791
)
Net deferred tax liability
 
$
(191,412
)
 
$
(165,868
)
Schedule Of Net Deferred Tax Liability
Our net deferred tax liability consists of the following:
 
 
December 31,
(In thousands)
 
2014
 
2013
Current deferred tax asset
 
$
29,371

 
$
23,249

Noncurrent deferred tax liability
 
(220,783
)
 
(189,117
)
Net deferred tax liability
 
$
(191,412
)
 
$
(165,868
)