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INCOME TAXES
3 Months Ended
Mar. 31, 2013
INCOME TAXES  
INCOME TAXES

NOTE 4: INCOME TAXES

 

The Company’s income tax provision consists of federal, state and foreign income taxes.  The tax provisions for the three months ended March 31, 2013 and 2012 were based on the estimated effective tax rates applicable for the full years ending December 31, 2013 and 2012, after giving effect to items specifically related to the interim periods.  The Company’s effective tax rate was 39.8% for the three months ended March 31, 2013 and 38.2% for the three months ended March 31, 2012.  The increase in the Company’s effective tax rate for the three months ended March 31, 2013 was primarily a result of the geographic mix of pretax income and the different effective tax rates of these jurisdictions.

 

As of March 31, 2013 and December 31, 2012, the Company had unrecognized tax benefits of approximately $0.9 million and $1.2 million, respectively.  The entire amount of the unrecognized tax benefits would affect the effective tax rate if recognized.  As of March 31, 2013, the Company is subject to U.S. Federal income tax examinations for the tax years 2009 through 2012, and to non-U.S. income tax examinations for the tax years 2004 through 2012.  In addition, the Company is subject to state and local income tax examinations for the tax years 2004 through 2012.