Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of Components of Income Tax Expense (Benefit) |
Income tax (expense) benefit consists of the following (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
2016 |
|
2015 |
|
2014 |
Deferred tax (expense) benefit: |
|
|
|
|
|
Federal taxes |
$ |
(4,452 |
) |
|
1,360 |
|
|
(9,081 |
) |
State taxes |
(753 |
) |
|
487 |
|
|
(948 |
) |
|
$ |
(5,205 |
) |
|
1,847 |
|
|
(10,029 |
) |
|
| Schedule of Effective Income Tax Rate Reconciliation |
Total income tax (expense) benefit differed from the “expected” income tax (expense) benefit determined by applying the statutory federal income tax rate of 35% as follows (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
2016 |
|
2015 |
|
2014 |
“Expected” statutory tax (expense) benefit |
$ |
(374 |
) |
|
9,699 |
|
|
(24,246 |
) |
Nondeductible officer compensation |
(1,424 |
) |
|
(1,906 |
) |
|
(1,351 |
) |
Nondeductible lobbying expenses |
(1,192 |
) |
|
(442 |
) |
|
(425 |
) |
Nondeductible entertainment expenses |
(1,029 |
) |
|
(1,059 |
) |
|
(1,125 |
) |
State income taxes, net of federal (expense) benefit |
(753 |
) |
|
487 |
|
|
(948 |
) |
Nondeductible unrealized loss on derivative instrument with related party |
1,092 |
|
|
(3,906 |
) |
|
— |
|
Nondeductible original issue discount |
(773 |
) |
|
(660 |
) |
|
— |
|
Impact of non-controlling interest attributable to non-tax paying entity |
— |
|
|
220 |
|
|
18,255 |
|
Other, net |
(752 |
) |
|
(586 |
) |
|
(189 |
) |
|
$ |
(5,205 |
) |
|
$ |
1,847 |
|
|
$ |
(10,029 |
) |
|
| Schedule of Deferred Tax Assets and Liabilities |
The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities at December 31, 2016 and 2015 are summarized below (amounts in thousands):
|
|
|
|
|
|
|
|
|
2016 |
|
2015 |
Deferred tax assets: |
|
|
|
Net operating loss carryforwards |
$ |
111,236 |
|
|
139,238 |
|
Deferred revenue for financial reporting purposes |
59,993 |
|
|
41,151 |
|
Asset retirement obligations in excess of amounts recognized for tax purposes |
16,808 |
|
|
14,338 |
|
Compensated absences accrued for financial reporting purposes |
3,505 |
|
|
3,339 |
|
Share-based compensation expense for financial reporting purposes in excess of amounts recognized for tax purposes |
3,393 |
|
|
2,773 |
|
Accounts receivable, principally due to allowance for doubtful receivables |
1,965 |
|
|
1,912 |
|
Workers compensation and self-insurance health reserves, principally due to accrual for financial reporting purposes |
1,705 |
|
|
1,795 |
|
Alternative minimum tax credits |
1,735 |
|
|
1,735 |
|
Deferred compensation expense for tax purposes in excess of amounts recognized for financial reporting purposes |
1,687 |
|
|
1,603 |
|
Other |
11,515 |
|
|
13,144 |
|
Total deferred tax assets |
$ |
213,542 |
|
|
221,028 |
|
Deferred tax liabilities: |
|
|
|
Plant and equipment, principally due to differences in depreciation |
$ |
245,118 |
|
|
246,172 |
|
Intangible assets |
106,061 |
|
|
79,255 |
|
Other |
345 |
|
|
1,746 |
|
Total deferred tax liabilities |
351,524 |
|
|
327,173 |
|
Net deferred tax liabilities |
$ |
137,982 |
|
|
106,145 |
|
|
| Summary of Operating Loss Carryforwards |
Our tax net operating loss carryforwards are summarized below by year of expiration (amounts in thousands):
|
|
|
|
|
|
|
|
Years ending December 31, |
Federal |
|
State |
2022 |
10,236 |
|
|
11,371 |
|
2023 |
3,968 |
|
|
3,903 |
|
2024 |
722 |
|
|
— |
|
2025 |
737 |
|
|
— |
|
2026 |
150 |
|
|
— |
|
2027 |
1,010 |
|
|
— |
|
2028 |
39,879 |
|
|
39,715 |
|
2029 |
48,370 |
|
|
47,558 |
|
2031 |
110,933 |
|
|
109,376 |
|
2033 |
5,031 |
|
|
4,927 |
|
2034 |
39,133 |
|
|
37,866 |
|
2035 |
11,885 |
|
|
11,290 |
|
Total tax net operating loss carryforwards |
$ |
272,054 |
|
|
266,006 |
|
|