Income Taxes

9 Months Ended

Sep. 30, 2012

Income Taxes [Abstract]

Income Taxes

(9)  Income Taxes:

The following is a reconciliation of the provision for income taxes computed at federal statutory rates to the effective rates:

	For the three months ended		For the nine months ended
	September 30,		September 30,
	2012	2011		2012	2011
Consolidated tax provision at federal statutory rate	35.0%	35.0%		35.0%	35.0%
Reversal of tax credits	-	-		-	5.9
State income tax provisions, net of federal income
tax benefit	4.5	9.6		3.7	3.8
Tax reserve adjustment	(7.1)	(91.2)		(4.0)	(8.1)
All other, net	0.9	1.4		0.1	0.7
Effective tax rate	33.3%	(45.2%)		34.8%	37.3%

Income taxes for both the third quarter and the nine months ended September 30, 2012 and 2011 include the reversal of uncertain tax positions of $7.8 million and $14.0 million, respectively. Income taxes for the nine months ended September 30, 2011 includes the impact of a $10.5 million charge resulting from the enactment on May 25, 2011 of the Michigan Corporate Income Tax which eliminated certain future tax deductions.

The amount of our uncertain tax positions whose statute of limitations are expected to expire during the next twelve months and which would affect our effective tax rate is $6.3 million as of September 30, 2012.