INCOME TAX UNCERTAINTIES

9 Months Ended

Sep. 30, 2015

INCOME TAX UNCERTAINTIES

INCOME TAX UNCERTAINTIES

NOTE 4 – INCOME TAX UNCERTAINTIES

The Company had approximately $5.4 and $6.4 million recorded for income tax uncertainties as of September 30, 2015 and December 31, 2014, respectively.  The $1.0 million decrease in income tax uncertainties was primarily due to the settlement of various tax audits in 2015 as well as changes in foreign currency rates.  The amount, if recognized, that would impact the effective tax rate is $5.3 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 $4.9 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.