Income Taxes

3 Months Ended

Mar. 31, 2013

Income Taxes [Abstract]

Income Taxes

(15) Income Taxes

Income tax expense based on the Company's income before income taxes was as follows:

	Three Months Ended March 31,
	2013			2012
	(In thousands)
Income tax expense	$	5,980		$	6,146
Effective tax rate		39.5	%		38.0	%

The Company's effective tax rate during the three months ended March 31, 2013 and March 31, 2012 was slightly higher than the combined total of the U.S. federal statutory rate of 35% and the Company's estimated effective state tax rate of 2.53%, primarily due to operating losses in the Company’s foreign operations for which it does not record a tax benefit, as a result of carrying a valuation allowance on those deferred tax assets. The slight rate increase from the three months ended March 31, 2012 to the three months ended March 31, 2013 is mostly attributable to an increase in operating losses in foreign operations for which the Company does not record a tax benefit, as a result of carrying a valuation allowance on its deferred tax assets. The Company continues to maintain valuation allowances for its local net deferred tax asset positions in the U.K. and Mexico, as the Company currently believes that it is more likely than not that these benefits will not be realized. The Company released its valuation allowance related to its Canada operations in the fourth quarter of 2012, as it believes it will be able to realize the benefits of its deferred tax assets in Canada.

The deferred taxes associated with the Company's unrealized gains and losses on derivative instruments have been reflected within the accumulated other comprehensive loss balance in the accompanying Consolidated Balance Sheets.