Income Taxes

6 Months Ended

Jun. 30, 2012

Income Taxes

Note 12. Income Taxes

The following table summarizes the Company’s income tax provision and effective income tax rate:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Income before income taxes	$	104,425		$	94,959		$	181,606		$	177,397
Provision for income taxes	$	28,822		$	27,263		$	50,888		$	49,802
Effective income tax rate		27.6	%		28.7	%		28.0	%		28.1	%

The decrease in the effective tax rate for the three-month period ended June 30, 2012 when compared to the same three-month period of 2011 is primarily due to the favorable impact of provision to return adjustments and a non-U.S. tax law change. The effective tax rates for the six-month periods ended June 30, 2012 and 2011 were nearly identical due to the consistent levels of taxable income and the proportions of U.S. and non-U.S. profits in each period.