Income Taxes	6 Months Ended
Jun. 30, 2011
Income Taxes
Income Taxes	Note 11 — Income Taxes The Company is required to file separate U.S. Federal income tax returns for two U.S. tax filing groups: (1) Flotek Industries, Inc. and subsidiaries, and (2) Petrovalve, Inc. and subsidiaries. Taxable income of one group's return may not offset tax attributes, including net operating losses, of the other group's return. The effective income tax rates for the second quarter of 2011 and 2010 were 38.3% and (21.7%), respectively, while the June 30, 2011 and 2010 year to date rates were 19.1% and (19.1%), respectively. Fluctuations in the effective tax rates are primarily attributable to the non-cash fluctuations in the fair value of the Company's warrant liability and in the deferred tax asset valuation allowances of one of the Company's filing jurisdictions. At June 30, 2011 and December 31, 2010, the Company had an income tax receivable of $3.0 million related to the anticipated carryback of the Company's 2010 net operating loss against previous tax payments. At June 30, 2011, the income tax receivable was partially offset by $2.4 million, of income tax payable primarily related to taxes on current year taxable income.

Income Taxes

6 Months Ended

Jun. 30, 2011

Note 11 — Income Taxes

The Company is required to file separate U.S. Federal income tax returns for two U.S. tax filing groups: (1) Flotek Industries, Inc. and subsidiaries, and (2) Petrovalve, Inc. and subsidiaries. Taxable income of one group's return may not offset tax attributes, including net operating losses, of the other group's return.

The effective income tax rates for the second quarter of 2011 and 2010 were 38.3% and (21.7%), respectively, while the June 30, 2011 and 2010 year to date rates were 19.1% and (19.1%), respectively. Fluctuations in the effective tax rates are primarily attributable to the non-cash fluctuations in the fair value of the Company's warrant liability and in the deferred tax asset valuation allowances of one of the Company's filing jurisdictions.

At June 30, 2011 and December 31, 2010, the Company had an income tax receivable of $3.0 million related to the anticipated carryback of the Company's 2010 net operating loss against previous tax payments. At June 30, 2011, the income tax receivable was partially offset by $2.4 million, of income tax payable primarily related to taxes on current year taxable income.