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Income Taxes
6 Months Ended
Jun. 30, 2012
Income Tax Expense (Benefit) [Abstract]  
Income Taxes
Income Taxes

The Company calculates an effective income tax rate each quarter based upon forecasted annual income by jurisdiction, statutory tax rates and other tax-related items. The impact of discrete items is recognized in the interim period in which they occur.
The effective tax rates for the three months ended June 30, 2012 and June 30, 2011 were 34.9% and 11.6%, respectively. The effective income tax rate for both periods was unfavorably impacted by losses in foreign jurisdictions on which no tax benefit has been recognized. In addition, the effective income tax rate for the three months ended June 30, 2011 was favorably impacted primarily by a reduction in the reserve for the UK Office of Fair Trading ("OFT") matter.
The effective tax rates for the six months ended June 30, 2012 and June 30, 2011 were 40.6% and 21.7%, respectively. The effective income tax rate for the six months ended June 30, 2011 was favorably impacted primarily by a reduction in the reserve for the OFT matter.