INCOME TAX UNCERTAINTIES

6 Months Ended

Jun. 30, 2011

INCOME TAX UNCERTAINTIES

INCOME TAX UNCERTAINTIES

NOTE 12 — INCOME TAX UNCERTAINTIES

The Company had approximately $10.3 and $10.9 million recorded for income tax uncertainties as of June 30, 2011 and December 31, 2010, respectively.  The $0.6 million reduction in income tax uncertainties reflects the settlement of a tax examination.  The amount, if recognized, that would impact the effective tax rate is $9.5 and $10.1 million, respectively.  The Company estimates that it is reasonably possible that the liability for uncertain tax positions will decrease between $1 and $6 million in the next twelve months from the resolution of various uncertain positions as a result of the completion of tax audits, litigation and the expiration of the statute of limitations in various jurisdictions.