Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.6.0.2
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) included the following:
 
Year Ended December 31,
 
2016
 
2015
 
2014
Current:
 
 
 
 
 
Federal
$
(44,925
)
 
$
44,694

 
$
15,171

State
786

 
(2,318
)
 
1,781

Total current
$
(44,139
)
 
$
42,376

 
$
16,952

Deferred:
 
 
 
 
 
Federal
$
2,630

 
$
3,360

 
$
7,176

State
(5,280
)
 
2,546

 
(1,215
)
Total deferred
(2,650
)
 
5,906

 
5,961

Income tax expense (benefit)
$
(46,789
)
 
$
48,282

 
$
22,913

Schedule of Effective Income Tax Rate Reconciliation
A reconciliation between the income tax expense (benefit) computed on pre-tax income (loss) at the statutory federal rate and the actual provision for income tax expense (benefit) is as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
Computed expected tax expense (benefit)
$
(44,318
)
 
$
45,734

 
$
32,474

State and local income taxes, net of federal benefit
(5,119
)
 
1,604

 
532

Non-controlling interest
(1,393
)
 
(10,272
)
 
(11,097
)
Changes in non-deductible goodwill

 
13,660

 
1,411

Other, net
4,041

 
(2,444
)
 
(407
)
Income tax expense (benefit)
$
(46,789
)
 
$
48,282

 
$
22,913

Schedule of Deferred Tax Assets and Liabilities
The following table sets forth the tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities:
 
As of December 31,
 
2016
 
2015
Deferred income tax assets:
 
 
 
Accounts receivable, allowance
$
197

 
$
198

Inventories
8,273

 
9,530

Accrued liabilities and other
1,564

 
1,605

Post-retirement benefits
16,623

 
18,437

Derivative instruments designated as cash flow hedges
721

 
800

Non-current accrued liabilities and other
20,970

 
24,383

Net operating loss carryover
23,923

 
21,212

Tax credits
1,141

 
1,150

Other
6,999

 
4,332

Deferred income tax assets
$
80,411

 
$
81,647

Deferred income tax liabilities:
 
 
 
Deferred gain on the Offering of the Partnership
$
50,115

 
$
50,178

Deferred charges
358

 
401

Unrealized gains
(1,208
)
 
4,645

Property, plant and equipment
369,406

 
370,225

Other non-current
16,233

 
11,631

Intangibles
12,506

 
11,361

Deferred income tax liabilities
$
447,410

 
$
448,441