Income Taxes

6 Months Ended

Jun. 30, 2012

Income Taxes

Income Taxes

12. Income Taxes

For the three months ended June 30, 2012, the Company recognized income tax expense of $2,856 on pre-tax earnings of $7,096 compared to $3,066 income tax expense on pre-tax earnings of $7,694 for the three months ended June 30, 2011. For the six months ended June 30, 2012, the Company recognized income tax expense of $4,384 on pre-tax earnings of $10,892 compared to $5,545 income tax expense on pre-tax earnings of $14,038 for the six months ended June 30, 2011. Income tax expense is based on a projected effective tax rate of approximately 40.2% for the six months ended June 30, 2012 compared to approximately 39.5% for the six months ended June 30, 2011. The Company’s effective tax rate increased due to the expiration of Work Opportunity Tax Credit (WOTC) Program and other similar tax credit programs on December 31, 2011.

As of June 30, 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 June 30, 2012 are shown below:

2005 – 2010	United States — federal income tax
2005 – 2010	United States — state and local income tax
2008 – 2011	Canada