Income Taxes

9 Months Ended

Sep. 30, 2011

Income Taxes

Income Taxes

17. Income Taxes

• Successor

        The Company is a limited liability company treated as a partnership for income tax purposes and as such, is a pass-through entity and is not liable for income tax in the jurisdictions in which it operates. As a result, no provision for income taxes has been made in Successor's condensed consolidated financial statements. Each Member of the Company includes its respective share of the Company's taxable income in its income tax return. Due to the Company's status as a pass-through entity, it has recorded no liability associated with uncertain tax positions.

• Predecessors

        STN's condensed consolidated statements of operations for the period January 1 through June 16, 2011, reflect net income tax benefits of $107.9 million, primarily representing the reversal of previously recorded deferred income tax assets and liabilities as a result of the Restructuring Transactions. For the three months ended September 30, 2010 our effective tax rates was 10.9%. For the nine months ended September 30, 2010, our effective tax rates was 5.5%.