INCOME TAXES	9 Months Ended
Sep. 30, 2012
INCOME TAXES	11. INCOME TAXES The Company’s provision for income taxes was $2.2 million for the nine months ended September 30, 2012 and $11.0 million for the nine months ended September 30, 2011. These amounts reflect effective tax rates of 25.1% and 36.6% for the nine months ended September 30, 2012 and 2011, respectively. The Company’s effective tax rate of 25.1% for the nine months ended September 30, 2012 reflects the Company’s estimate of the annual effective tax rate. The effective tax rate is affected by recurring items, such as tax rates in foreign jurisdictions and the relative amount of income the Company earns in such jurisdictions. It is also affected by discrete items that may occur in any given year, but are not repeated in subsequent years. The primary difference in the effective tax rate for the nine months ended September 30, 2012 compared to the nine months ended September 30, 2011 was a $0.5 million reduction in the provision for income taxes resulting from the release of valuation allowances in Australia and Hong Kong, representing a 6.1% decrease in our tax rate, which was partially offset by a $0.1 million increase in the provision for income taxes resulting primarily from a change in state apportionment under New Jersey Law representing a 1.1% increase in our tax rate. Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and the tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. The Company’s net deferred tax assets are included in Other assets on the Condensed Consolidated Balance Sheet.

INCOME TAXES

9 Months Ended

Sep. 30, 2012

11. INCOME TAXES

The Company’s provision for income taxes was $2.2 million for the nine months ended September 30, 2012 and $11.0 million for the nine months ended September 30, 2011. These amounts reflect effective tax rates of 25.1% and 36.6% for the nine months ended September 30, 2012 and 2011, respectively. The Company’s effective tax rate of 25.1% for the nine months ended September 30, 2012 reflects the Company’s estimate of the annual effective tax rate. The effective tax rate is affected by recurring items, such as tax rates in foreign jurisdictions and the relative amount of income the Company earns in such jurisdictions. It is also affected by discrete items that may occur in any given year, but are not repeated in subsequent years. The primary difference in the effective tax rate for the nine months ended September 30, 2012 compared to the nine months ended September 30, 2011 was a $0.5 million reduction in the provision for income taxes resulting from the release of valuation allowances in Australia and Hong Kong, representing a 6.1% decrease in our tax rate, which was partially offset by a $0.1 million increase in the provision for income taxes resulting primarily from a change in state apportionment under New Jersey Law representing a 1.1% increase in our tax rate.

Deferred income taxes reflect the net tax effects of temporary differences between the financial reporting and the tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse. The Company’s net deferred tax assets are included in Other assets on the Condensed Consolidated Balance Sheet.