XML 54 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
INCOME TAX UNCERTAINTIES
6 Months Ended
Jun. 30, 2014
INCOME TAX UNCERTAINTIES  
INCOME TAX UNCERTAINTIES

NOTE 4 — INCOME TAX UNCERTAINTIES

 

The Company had approximately $7.0 and $8.0 million recorded for income tax uncertainties as of June 30, 2014 and December 31, 2013, respectively.  The $1.0 million change in income tax uncertainties was primarily the result of an audit settlement in the U.S and a lapse in the statute of limitations on two tax related issues.  The amount, if recognized, that would impact the effective tax rate is $6.8 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.