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INCOME TAX UNCERTAINTIES
3 Months Ended
Mar. 31, 2015
INCOME TAX UNCERTAINITIES  
INCOME TAX UNCERTAINTIES

 

NOTE 4 – INCOME TAX UNCERTAINTIES

 

The Company had approximately $5.8 and $6.4 million recorded for income tax uncertainties as of March 31, 2015 and December 31, 2014, respectively.  The $0.6 million decrease in income tax uncertainties was primarily the result of change in foreign currency rates.  The amount, if recognized, that would impact the effective tax rate is $5.7 and $6.3 million, respectively. The Company estimates that it is reasonably possible that the liability for uncertain tax positions will decrease by no more than $5.4 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.