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Income Taxes
6 Months Ended
Jun. 30, 2013
Income Taxes  
Income Taxes

Note 7 — Income Taxes

 

The income tax provisions for the quarter and six months ended June 30, 2013 were $20.6 million and $38.5 million, respectively.  The effective tax rate for both periods was about 30%.  The first half of 2013 benefitted from the extension of the 2012 and 2013 U.S. Research & Development tax credits that was enacted in January 2013. The full retroactive benefit from 2012 was taken in the first quarter of 2013 for a benefit of $0.6 million.  The income tax provisions for the quarter and six months ended June 30, 2012 were $22.1 million and $40.5 million, respectively.  The effective tax rate for both periods was just under 32%.