Income Taxes

3 Months Ended

Mar. 31, 2012

Income Taxes

Income Taxes

Note 11.     Income Taxes

The total amount of unrecognized tax benefits that would affect the effective tax rate if recognized was $1.80 million at March 31, 2012 and $1.67 million at December 31, 2011.  Interest and penalties were recognized through the income tax provision.  For the three months ending March 31, 2012 and 2011, the Company recognized approximately $(0.05) million and $(0.12) million in interest, net of tax effect, and penalties, respectively.  Interest and penalties of approximately $0.52 million and $0.57 million were accrued at March 31, 2012 and December 31, 2011, respectively.

Tax years that remain open and subject to audit include the federal 2008-2011 years and the Indiana 2008-2011 years.  The Company does not anticipate a significant change in the amount of uncertain tax positions within the next 12 months.