Income Taxes

9 Months Ended

Sep. 30, 2011

Income Taxes

Note 17. Income Taxes

As of September 30, 2011, the Company had approximately $30.8 million of net unrecognized tax benefits of which $23.4 million would affect the Company’s effective tax rate if recognized. The Company anticipates a portion of its net unrecognized tax benefits will be recognized within 12 months as the result of settlements or effective settlements with various tax authorities, the closure of certain audits and the lapse of the applicable statute of limitations. During the three months ended September 30, 2011, the Company recognized $8.0 million of previously unrecognized tax benefits which reduced the Company’s income tax provision by $5.7 million.

The Company classifies interest and penalties related to uncertain tax positions as income tax expense. As of September 30, 2011, the Company had approximately $2.1 million of net accrued interest related to uncertain tax positions.

The Company currently has the following tax years open to examination by major taxing jurisdictions:

	Tax Years:
US Federal	2010
State of Oregon	2008 – 2010
State of Massachusetts	2008 – 2010
State of California	2006 – 2010
Sweden	2003 – 2010
United Kingdom	2007 – 2010
Germany	2004 – 2010
France	2006 – 2010