(14) Income Taxes

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



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
	(In thousands)						(In thousands)
Income tax expense	$	8,015		$	10,034		$	13,788		$	16,014
Effective tax rate		37.4	%		40.5	%		37.6	%		40.1	%

The decrease in income tax expense and effective tax rate for the three and six months ended June 30, 2014 when compared to the same period in 2013 was primarily attributable to the change in the mix of earnings across jurisdictions. The Company continues to maintain valuation allowances for its local net deferred tax asset positions for certain of its entities in the U.K. and Mexico, as the Company currently believes that it is more likely than not that these tax assets will not be realized.

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.