Taxes on Income

6 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Taxes on Income

TAXES ON INCOME:

The following tables summarize the Company’s income taxes for the periods presented:

	Successor			Predecessor
	Three months ended June 30, 2012			Three months ended June 30, 2011
Income tax expense	$	22,622		$	22,736
Effective tax rate	43		%	36		%

	Successor			Predecessor
	Period from Acquisition (March 26, 2012) to June 30, 2012			Period from January 1, 2012 to March 25, 2012			Six months ended June 30, 2011
Income tax expense	$	15,214		$	24,941		$	43,437
Effective tax rate	59		%	38		%	34		%

The EITR for the successor period is higher than the combined federal and state income tax statutory rates primarily due to non deductible excess parachute payments resulting from Merger-related employee severance expenses.