Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.6
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2011
Income Taxes [Abstract]  
Schedule Of Components Of Income Tax Expense (Benefit)
     Year Ended December 31,  
     2011      2010     2009  

Current

   $ 29,682       $ 20,167      $ (74,111 ) 

Deferred

     61,835         (8,266 )      —     
  

 

 

    

 

 

   

 

 

 
   $ 91,517       $ 11,901      $ (74,111 ) 
  

 

 

    

 

 

   

 

 

 
Schedule Of Effective Tax Rate Reconciliation
    Year Ended December 31,  
    2011     2010     2009  

Income tax expense (benefit) at the federal statutory rate

  $ 92,517        35.0 %    $ 45,427        35.0 %    $ (91,710 )      35.0 % 

Valuation allowance

    —          —          (31,985 )      (24.6 )      14,594        (5.6 ) 

Domestic production activities deduction

    (1,823 )      (0.7 )      (2,623 )      (2.0 )      3,167        (1.2 ) 

Share-based compensation

    —          —          —          —          208        —     

State income taxes

    603        0.2        32        —          (73 )      —     

Other

    220        0.1        1,050        0.8        (297 )      0.1   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
  $ 91,517        34.6 %    $ 11,901        9.2 %    $ (74,111 )      28.3 % 
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Schedule Of Deferred Tax Assets And Liabilities
     December 31,  
     2011     2010  

Deferred tax liabilities:

    

Property and equipment

   $ 63,328      $ 2,370   

Other

     4,707        3,274   
  

 

 

   

 

 

 

Total deferred tax liabilities

     68,035        5,644   
  

 

 

   

 

 

 

Deferred tax assets:

    

Minimum tax credit

     —          3,558   

State net operating losses

     4,626        4,176   

Derivatives

     1,096        4,622   

Valuation allowance

     (4,626 )      (4,176 ) 

Accrued cash-based bonus

     5,390        4,022   

Stock-based compensation

     3,971        1,581   

Other

     704        464   
  

 

 

   

 

 

 

Total deferred tax assets

     11,161        14,247   
  

 

 

   

 

 

 

Net deferred tax (liabilities) assets

   $ (56,874 )    $ 8,603   
  

 

 

   

 

 

 
Schedule Of Net Operating Loss And Tax Credit Carryovers
     Amount      Expiration Year  

State net operating loss

   $ 88,963           
Schedule Of Changes In Uncertain Tax Positions
     December 31,  
     2011     2010  

Balance at beginning of period

   $ 3,558      $ —     

Increase related to current-year tax positions

     —          3,558   

(Decreases) related to prior-year tax positions

     (3,558 )      —     
  

 

 

   

 

 

 

Balance at end of period

   $ —        $ 3,558