Income Taxes

9 Months Ended

Sep. 30, 2013

Income Taxes

Income Taxes

15. Income Taxes

For the three months ended September 30, 2013, the Company recognized income tax expense of $2,448 on pre-tax earnings of $6,913 compared to $2,504 income tax expense on pre-tax earnings of $4,773 for the three months ended September 30, 2012. For the nine months ended September 30, 2013, the Company recognized income tax expense of $4,359 on pre-tax earnings of $13,357 compared to $6,520 income tax expense on pre-tax earnings of $14,748 for the nine months ended September 30, 2012. The effective tax rate was approximately 32.6% for the nine months ended September 30, 2013 compared to approximately 44.2% for the nine months ended September 30, 2012. The effective tax rate for the nine months ended September 30, 2013 was favorably impacted by the discrete benefit of approximately $376 for the retroactive extension of the Work Opportunity Tax Credit (“WOTC”) and other similar federal income tax credit programs that were enacted as part of the American Taxpayer Relief Act in January of 2013 and approximately $214 of favorable 2012 Federal provision to return true-up adjustments. Without these discrete benefits, our effective tax rate would have been 37.1% for the nine months ended September 30, 2013.

As of September 30, 2013, the Company has not identified any uncertain tax positions that would have a material impact on the Company’s financial position or income tax expense in future periods. 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 September 30, 2013 are shown below:

2007 – 2012	United States—federal income tax
2007 – 2012	United States—state and local income tax
2010 – 2013	Canada