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Income Taxes
9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
Income Taxes
We recognized an income tax benefit for the nine months ended September 30, 2014 at an effective rate of 4.4%. The annual effective tax rate applied to the nine months ended September 30, 2014 includes federal taxes at the statutory rate of 35%; however, the federal effect is almost entirely offset by state income tax effects, which include a deferred tax benefit associated with an expected decrease in the effective state income tax rate in future periods. The benefit is due primarily to a shift in the source of our expected future state taxable income as a result of the recent sale of all of our properties in Mississippi. Our effective tax rate also reflects the adverse effect of losses incurred in certain jurisdictions for which we may not realize a tax benefit and have therefore recorded a valuation allowance against the related deferred tax asset.
Due to the losses incurred during the three and nine months ended September 30, 2013, we recognized income tax benefits at an effective rate of 34.9%. The income tax benefit included the effect of deferred tax asset valuation allowance due primarily to the inability to recognize tax benefits for certain state net operating losses.