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INCOME TAXES UNCERTAINTIES
3 Months Ended
Mar. 31, 2014
INCOME TAX UNCERTAINTIES  
INCOME TAX UNCERTAINTIES

NOTE 4 — INCOME TAX UNCERTAINTIES

 

The Company had approximately $7.2 and $8.0 million recorded for income tax uncertainties as of March 31, 2014 and December 31, 2013, respectively.  The $0.8 million change in income tax uncertainties was primarily the result of an audit settlement in the U.S.  The amount, if recognized, that would impact the effective tax rate is $7.0 and $7.8 million, respectively. The Company estimates that it is reasonably possible that the liability for uncertain tax positions will decrease by no more than $5 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.