INCOME TAX UNCERTAINTIES

9 Months Ended

Sep. 30, 2012

INCOME TAX UNCERTAINTIES

INCOME TAX UNCERTAINTIES

NOTE 12 – INCOME TAX UNCERTAINTIES

The Company had approximately $8.6 and $9.1 million recorded for income tax uncertainties as of September 30, 2012 and December 31, 2011, respectively.  The $0.5 million change in income tax uncertainties was primarily from the result of currency changes and the lapse of statute of limitations in foreign jurisdictions.  The amount, if recognized, that would impact the effective tax rate is $8.0 and $8.5 million, respectively.  The Company estimates that it is reasonably possible that the liability for uncertain tax positions will decrease by no more than $5.0 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.