INCOME TAX UNCERTAINTIES

3 Months Ended

Mar. 31, 2017

INCOME TAX UNCERTAINTIES

INCOME TAX UNCERTAINTIES

NOTE 4 — INCOME TAX UNCERTAINTIES

The Company had approximately $6.5 and $6.4 million recorded for income tax uncertainties as of March 31, 2017 and December 31, 2016, respectively.  The increase is attributable to changes in existing tax positions as well as currency fluctuations. The uncertain amounts, if recognized, that would impact the effective tax rate are $6.5 and $6.4 million, respectively. The Company estimates that it is reasonably possible that the liability for uncertain tax positions will decrease by no more than $4.6 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.