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Income Taxes
3 Months Ended
Mar. 31, 2012
Income Taxes  
Income Taxes

 

12. Income Taxes

 

For the three months ended March 31, 2012, the Company recognized income tax expense of $1,528 on pre-tax earnings of $3,796 compared to $2,479 income tax expense on pre-tax earnings of $6,344 for the three months ended March 31, 2011. Income tax expense is based on a projected effective tax rate of approximately 40.3% for the three months ended March 31, 2012 compared to approximately 39.1% for the three months ended March 31, 2011. The Company’s effective tax rate increased due to the expiration of the Work Opportunity Tax Credit (WOTC) Program and other similar tax credit programs on December 31, 2011.

 

As of March 31, 2012, the Company has not identified any uncertain tax positions that would have a material impact on the Company’s financial position. The Company recognizes potential interest and penalties related to uncertain tax positions, if any, in income tax expense.

 

The tax years that remain subject to examination for the Company’s major tax jurisdictions at March 31, 2012 are shown below:

 

2005 - 2010

United States — federal income tax

2005 - 2010

United States — state and local income tax

2007 - 2010

Canada