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INCOME TAXES
9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
INCOME TAXES

4. INCOME TAXES

Income taxes were computed using an effective tax rate, which is subject to ongoing review and evaluation by the Company. The Company’s estimated effective income tax rate was 38.5% and 39.2% for the three and nine months ended September 30, 2014, compared to 38.9% and 13.8% for the same respective periods last year.

The difference in the effective tax rate for the three and nine months ended September 30, 2014 as compared to the three and nine months ended September 30, 2013 is due primarily to the tax impact of the sale of the data business in the prior year.

The Company has recorded a valuation allowance against the capital loss created by the sale of its global data business and the Illinois EDGE Credit. The Company believes it is more likely than not that these assets will not be fully realized in the foreseeable future. The realization of deferred tax assets is dependent upon whether the Company can generate future taxable income in the appropriate character and jurisdiction to utilize the assets. The amount of the deferred tax assets considered realizable is subject to adjustment in future periods.