Other
We have a 401(k) defined contribution plan whereby we have matched 100% of an employee’s
contribution (subject to certain limitations in the plan). In 2011, 2010 and 2009 we made cash
contributions totaling $10.3 million, $9.2 million and $9.3 million, respectively, to the 401(k) plan.
We have certain awards which have vested, but the issuance of those common shares has been
deferred. During 2011, 2010 and 2009, approximately 318,000, 348,000 and 163,000 common shares,
respectively, vested and were deferred resulting in a total of approximately 1,046,000 deferred
common shares at December 31, 2011. These common shares will be issued upon the earliest of the
deferral date, their retirement or death.
Note 11 — Income Taxes
For the years ended December 31, 2011, 2010 and 2009 our income (loss) before income taxes
consisted of (in thousands):
Year Ended December 31,
2011
2010
2009
U.S. . . . . . . . . . . . . . . . . . . . . . . . . $ 341,378 $ 263,917 $ 218,422
Non U.S. . . . . . . . . . . . . . . . . . . . .
(437)
(59,907)
(1,242)
$ 340,941 $ 204,010 $ 217,180
For the years ended December 31, 2011, 2010 and 2009 our income tax (benefit) expense
consisted of (in thousands):
Year Ended December 31,
2011
2010
2009
Current
U.S. Federal . . . . . . . . . . . . . . . . . . $
(25,673) $
(89,680) $ 40,548
State . . . . . . . . . . . . . . . . . . . . . . . .
(279)
(3,410)
4,543
$
(25,952) $
(93,090) $ 45,091
Deferred
U.S. Federal . . . . . . . . . . . . . . . . . . $ 150,266 $ 180,384 $ 36,530
State . . . . . . . . . . . . . . . . . . . . . . . .
9,948
13,451
(746)
$ 160,214 $ 193,835 $ 35,784
$ 134,262 $ 100,745 $ 80,875
F-35