INCOME TAXES	9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended September 30, 2014, the Company recognized income tax expense of $27.7 million on income of $86.4 million, an effective tax rate of 32.1% as compared to income tax expense of $22.8 million on income of $106.6 million, an effective tax rate of 21.4%, for three months ended September 30, 2013. The higher effective tax rate for the three months ended September 30, 2014 was primarily due to the reduced benefit from the release of uncertain tax positions partially offset by a more favorable geographic mix of earnings when compared to the three months ended September 30, 2013. During the nine months ended September 30, 2014, the Company recognized income tax expense of $79.2 million on income of $257.8 million, an effective tax rate of 30.7% as compared to income tax expense of $65.1 million on income of $185.3 million an effective tax rate of 35.1%, for the nine months ended September 30, 2013. The lower effective tax rate for the nine months ended September 30, 2014 was primarily due to the reduced impact of losses not benefited and a more favorable geographic mix of earnings partially offset by reduced benefits from the release of uncertain tax positions when compared to the nine months ended September 30, 2013. As of September 30, 2014, the Company determined that it is appropriate to retain the valuation allowance on its deferred tax assets of its Italian subsidiaries. However, it is reasonably possible that, in the near term, continuing improvement in operating performance and other evidence could change the Company’s assessment of the realizability of the Italian deferred tax assets resulting in the reversal of all, or part of, the related valuation allowance.

INCOME TAXES

9 Months Ended

Sep. 30, 2014

During the three months ended September 30, 2014, the Company recognized income tax expense of $27.7 million on income of $86.4 million, an effective tax rate of 32.1% as compared to income tax expense of $22.8 million on income of $106.6 million, an effective tax rate of 21.4%, for three months ended September 30, 2013. The higher effective tax rate for the three months ended September 30, 2014 was primarily due to the reduced benefit from the release of uncertain tax positions partially offset by a more favorable geographic mix of earnings when compared to the three months ended September 30, 2013.

During the nine months ended September 30, 2014, the Company recognized income tax expense of $79.2 million on income of $257.8 million, an effective tax rate of 30.7% as compared to income tax expense of $65.1 million on income of $185.3 million an effective tax rate of 35.1%, for the nine months ended September 30, 2013. The lower effective tax rate for the nine months ended September 30, 2014 was primarily due to the reduced impact of losses not benefited and a more favorable geographic mix of earnings partially offset by reduced benefits from the release of uncertain tax positions when compared to the nine months ended September 30, 2013.

As of September 30, 2014, the Company determined that it is appropriate to retain the valuation allowance on its deferred tax assets of its Italian subsidiaries. However, it is reasonably possible that, in the near term, continuing improvement in operating performance and other evidence could change the Company’s assessment of the realizability of the Italian deferred tax assets resulting in the reversal of all, or part of, the related valuation allowance.