Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Note 8. Income Taxes

Second quarter 2013 results included a provision for income taxes of $1.1million, or 14.3% of income before tax, compared to $31.0 million, or 34.6% of income before tax, for the comparable period.

       For the first half of 2013, the provision for income taxes was $4.8 million, or 20.9% of income before tax, compared to $56.8 million, or 32.7% of income before tax, for the first half of 2012. The first six months of 2013 included a discrete tax benefit of $4.6 million, primarily associated with adjustments to prior years' taxes and 2013 Federal tax law changes. Excluding the discrete tax benefit, the annual effective tax rate for 2013 was 41.1%. The first six months of 2012 included a discrete tax benefit of $3.4 million primarily related to state income taxes.