Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The income tax provision includes U.S. federal, state and local, and foreign income taxes and is based on the application of a forecasted annual income tax rate applied to the current quarter's year-to-date pre-tax income or loss. In determining the estimated annual effective income tax rate, the Company analyzes various factors, including projections of the Company's annual earnings, taxing jurisdictions in which the earnings will be generated, the impact of state and local income taxes, the Company's ability to use tax credits and net operating loss carryforwards, and available tax planning alternatives. Discrete items, including the effect of changes in tax laws, tax rates and certain circumstances with respect to valuation allowances or other unusual or non-recurring tax adjustments are reflected in the period in which they occur as an addition to, or reduction from, the income tax provision, rather than included in the estimated effective annual income tax rate.

A reconciliation of the Company's consolidated federal statutory and effective income tax on income from continuing operations is as follows (in thousands):

	THREE MONTHS ENDED
	MARCH 31
	2013			2012
Income from continuing operations before income tax provision:	$	5,837		$	6,750
Statutory taxes at 35%	$	2,043		$	2,363
Discrete items:
Other	(142		)	11
	(142		)	11
Other permanent items:
NACoal percentage depletion	(586		)	(603		)
Foreign tax rate differential	(24		)	(21		)
Other	124			288
	(486		)	(336		)
Income tax provision	$	1,415		$	2,038
Effective income tax rate	24.2		%	30.2		%