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Income Taxes
6 Months Ended
Jun. 30, 2011
Income Taxes [Abstract]  
Income Tax Disclosure [Text Block]

5. INCOME TAXES:

 

During the quarter ended June 30, 2011, the Company recorded an income tax provision of $57.7 million, or 35.8% of income before income tax provision. This compares to an income tax provision of $34.1 million, or 35.7% of income before income tax provision for the quarter ended June 30, 2010. The effective tax rate increased over the comparable prior period primarily due to elevated activity levels in the higher state tax jurisdiction of Pennsylvania which increased the overall effective tax rate to 35.9%.

During the six months ended June 30, 2011, the Company recorded an income tax provision of $101.7 million, or 37.1% of income before income tax provision. This compares to an income tax provision of $150.4 million, or 36.3% of income before income tax provision for the six months ended June 30, 2010. The effective tax rate increased over the comparable prior period primarily due to elevated activity levels in the higher state tax jurisdiction of Pennsylvania as the higher effective tax rate is now being applied to the Company's prior temporary differences which increased the overall effective tax rate to 35.9%.