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Income Taxes
6 Months Ended
Jun. 30, 2011
Income Taxes [Abstract]  
INCOME TAXES
NOTE 7 — INCOME TAXES
During the three and six months ended June 30, 2011, the Company recognized Income Tax Expense of $7.4 million and $10.3 million on Income before Income Taxes and Equity Income of Unconsolidated Entities of $38.9 million and $68.2 million, respectively. During the three and six months ended June 30, 2010, the Company recognized Income Tax Expense of $10.2 million and $18.8 million on a Loss before Income Taxes and Equity Income of Unconsolidated Entities of $23.1 million and $8.5 million. Income Tax Expense for the three and six month periods ended June 30, 2011 and 2010 primarily relates to the non-cash expense of $5.6 million and $11.2 million, and $8.0 million and $15.9, respectively, associated with the amortization of goodwill for tax purposes. The reduction was primarily due to a portion of goodwill being fully amortized at the end of 2010. During the first quarter of 2011, the Company also recorded a benefit related to certain discrete events including the revision of state tax positions and the expiration of the statute of limitation associated with reserves in a foreign jurisdiction. The Company has approximately $1.2 billion of NOLs for U.S. federal income tax purposes, which is currently being used and may be used to offset future taxable income.