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Income Taxes
3 Months Ended
Jun. 30, 2011
Income Tax Expense Benefit Abstract  
Income Tax Disclosure Text Block

15. Income Taxes

 

For the three months ended June 30, 2011, we recorded income tax provisions of $5.7 million, reflecting an effective tax rate of 36.5%. For the three months ended June 30, 2010, we recorded income tax provisions of $6.0 million, reflecting an effective tax rate of 47.9%. For the three months ended June 30, 2011, the effective tax rate was affected by the changes in the estimates of annual income in foreign jurisdictions and by a valuation allowance release. For the three months ended June 30, 2010, our accounting for income tax was affected by the fact that our losses in the periods were largely incurred in a jurisdiction with a comparatively lower tax rate, by discrete income tax expenses of $956,000 and by the release of valuation allowance.