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Income Taxes
3 Months Ended
Sep. 30, 2011
Notes to Financial Statements  
Income Taxes

NOTE 8.        INCOME TAXES

 

Our effective tax rates were approximately 7.92% and (8.79%) for the three months ended September 30, 2011 and 2010, respectively. Our effective tax rate was lower than the U.S. federal statutory rate due to the fact that our operations are carried out in foreign jurisdictions, which are subject to lower income tax rates, and the Company has net operating loss carry-forwards available to offset current and future taxable income.