Income Taxes

6 Months Ended

Jun. 30, 2013

Income Taxes

Income Taxes

16. Income Taxes

For the three months ended June 30, 2013, the Company recognized income tax expense of $2,065 on pre-tax earnings of $6,289 compared to $2,801 income tax expense on pre-tax earnings of $6,958 for the three months ended June 30, 2012. For the six months ended June 30, 2013, the Company recognized income tax expense of $1,911 on pre-tax earnings of $6,444 compared to $4,016 income tax expense on pre-tax earnings of $9,975 for the six months ended June 30, 2012. The effective tax rate is approximately 29.7% for the six months ended June 30, 2013 compared to approximately 40.3% for the six months ended June 30, 2012. The effective tax rate for the six months ended June 30, 2013 was favorably impacted by the discrete benefit of approximately $371 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. Without this discrete benefit, our effective tax rate would have been 36.2% for the six months ended June 30, 2013.

As of June 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 June 30, 2013 are shown below:

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