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Income Taxes
 9 Months Ended
Sep. 30, 2011
Income Taxes [Abstract]  
Income Tax Disclosure [Text Block]
Income Taxes
The following table provides details of income taxes:


Three Months Ended March 31,
2012
 
2011
Income before income taxes
$
2,873

 
$
8,150

Provision for income taxes
$
1,011

 
$
1,411

Effective tax rate
35.2
%
 
17.3
%

The income tax provision for the three months ended March 31, 2012 was computed based on the Company’s annual forecast of profit by jurisdiction and forecasted effective tax rate for the year. The change in the Company’s effective tax rate for the three months ended March 31, 2012 compared to March 31, 2011 is primarily due to forecasted utilization of federal credits in 2011, which are not available in 2012 by legislation.
The Company currently has a partial valuation allowance recorded against certain deferred tax assets. Each quarter the Company assesses the likelihood that it will be able to recover its deferred tax assets. The Company considers available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income and ongoing prudent and feasible tax planning strategies in assessing the need for a valuation allowance. As a result of the Company’s analysis, it concluded that it is more likely than not that a portion of its net deferred tax assets will not be realized. Therefore, the Company continues to provide a valuation allowance against certain net deferred tax assets. The Company continues to closely monitor available evidence and may reverse some or all of the remaining valuation allowance in future periods, if appropriate. The Company has valuation allowances of $24,674 as of March 31, 2012.
In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. The Company is currently under a federal income tax examination by the Internal Revenue Service for the tax years ended December 31, 2007 through December 31, 2009. The Company is not under income tax examination by any state, local or foreign tax authority for any open tax year beginning after December 31, 2006.