Taxes on Income

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

Taxes on Income

9. Taxes on Income

The following table summarizes the Company's income taxes for the periods presented.

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	(In thousands)
Income tax expense	$	25,588		$	28,609		$	44,230		$	59,418
Effective tax rate		30	%		28	%		27	%		31	%

The EITR is generally lower than the U.S. federal income tax statutory rate of 35 percent primarily due to the 80 percent dividends received deduction for the anticipated receipt of dividends associated with earnings from the Company's unconsolidated investment in Citrus.