Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.3.1.900
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
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)
 
2015
 
2014
 
2013
Current:
 
 
 
 
 
 
Federal
 
$
120,437

 
$
123,598

 
$
74,202

State
 
21,248

 
15,858

 
15,635

 
 
141,685

 
139,456

 
89,837

Deferred:
 
 
 
 
 
 
Federal
 
38,549

 
21,542

 
28,593

State
 
5,093

 
4,002

 
4,143

 
 
43,642

 
25,544

 
32,736

Total provision for income taxes
 
$
185,327

 
$
165,000

 
$
122,573

Schedule Of Effective Income Tax Reconciliation Of The U.S. Statutory Federal Income Tax Rates
2015, 2014 and 2013:
 
 
Year Ended December 31,
(In thousands)
 
2015
 
2014
 
2013
Tax provision at statutory rate
 
$
171,506

 
$
151,380

 
$
115,040

State income taxes, net of federal benefit
 
17,097

 
14,120

 
12,083

Meals and entertainment disallowance
 
1,035

 
959

 
872

Tax credits
 
(3,036
)
 
(1,307
)
 
(5,422
)
Other, net
 
(1,275
)
 
(152
)
 

Total provision for income taxes
 
$
185,327

 
$
165,000

 
$
122,573

Schedule Of Deferred Tax Assets And Liabilities
Deferred tax assets and liabilities consist of the following:
 
 
December 31,
(In thousands)
 
2015
 
2014
Deferred tax assets:
 
 
 
 
Claims and insurance reserves
 
$
41,576

 
$
36,690

Allowance for doubtful accounts
 
1,730

 
2,161

Accrued vacation
 
22,174

 
19,291

Deferred compensation
 
33,382

 
28,648

Other
 
12,008

 
12,924

Total deferred tax assets
 
110,870

 
99,714

Valuation allowance
 

 
(559
)
Net deferred tax assets
 
110,870

 
99,155

Deferred tax liabilities:
 
 
 
 
Depreciation and amortization
 
(334,379
)
 
(279,324
)
Unrecognized revenue
 
(10,062
)
 
(9,506
)
Other
 
(1,483
)
 
(1,737
)
Total deferred tax liabilities
 
(345,924
)
 
(290,567
)
Net deferred tax liability
 
$
(235,054
)
 
$
(191,412
)