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Income Taxes Income Taxes
3 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The Company recorded an income tax provision of $0.4 million for the first quarter of 2014. The Company’s effective income tax rate for the first quarter of 2014 was 45.9 percent. The difference between the federal statutory income tax rate of 35 percent and the Company’s effective rate of 45.9 percent for the first three months of 2014 is primarily due to state income taxes, net of federal benefit (approximately 5.3 percent), increase in tax reserves (approximately 16.1 percent) and other items (approximately 3.8 percent), offset by tax credits (approximately 14.3 percent).
The Company recorded an income tax benefit of $5.4 million for the first quarter of 2013. The Company’s effective income tax rate for the first quarter of 2013 was 2.5 percent. The difference between the federal statutory income tax rate of 35 percent and the Company’s effective rate of 2.5 percent for the first three months of 2013 is primarily due to the impact of impairment of goodwill and other long-lived assets (approximately 32.7 percent) and other items (approximately 0.1 percent), offset by state income taxes, net of federal benefit (approximately 0.3 percent).
As of March 31, 2014 and December 31, 2013, the Company had tax refund receivables of $25.3 million and $21.2 million, respectively. Tax refund receivables are classified in prepaid expenses and other current assets in the Company’s consolidated balance sheets.