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Income Taxes
9 Months Ended
Sep. 30, 2011
Income Taxes [Abstract] 
Income Taxes
Note 7 — Income Taxes
Our effective income tax rate was (5.8)% and 84.7% for the three months ended September 30, 2011 and 2010, respectively. Our effective income tax rate was 35.0% and (88.1)% for the nine months ended September 30, 2011 and 2010, respectively. Our effective tax rates are affected by factors including fluctuations in income across international jurisdictions with varying tax rates, non-deductibility of changes in fair value of preferred stock derivatives in 2010, changes in valuation allowances, and changes in income tax reserves, including related penalties and interest. The effective tax rates are also impacted by calculating the tax provision of the domestic jurisdiction discrete to the respective quarter rather than benefitting from the utilization of a blended rate for all the current year.
The Company and the U.S. Internal Revenue Service (IRS) agreed to the final assessments related to an audit of the Company’s 2008 income tax return in August of 2011. The final settlement did not have a material change to our financial position or results of operations for the three or nine months ended September 30, 2011.