INCOME TAX UNCERTAINTIES

6 Months Ended

Jun. 30, 2016

INCOME TAX UNCERTAINTIES

INCOME TAX UNCERTAINTIES

NOTE 4 — INCOME TAX UNCERTAINTIES

The Company had approximately $8.3 and $7.9 million recorded for income tax uncertainties as of June 30, 2016 and December 31, 2015, respectively.  Increases were primarily due to a tax audit in France and currency fluctuations.  These were partially offset by the lapse of the statute of limitations in two jurisdictions.  The amount, if recognized, that would impact the effective tax rate is $8.3 and $7.9 million, respectively. The Company estimates that it is reasonably possible that the liability for uncertain tax positions will decrease by no more than $6.3 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.