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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2013
Income Taxes  
Schedule of the provision for income taxes from continuing operations

 

 

 

Three months ended March 31,

 

 

 

2013

 

2012

 

Current

 

$

26,835

 

$

8,336

 

Deferred

 

11,106

 

15,506

 

Total income tax provision

 

$

37,941

 

$

23,842

 

Schedule of reconciliation between the statutory federal income tax rate and the Company's effective federal income tax rate from continuing operations

 

 

 

Three months ended March 31,

 

 

 

2013

 

2012

 

Statutory federal income tax rate

 

35.0

%

35.0

%

Income tax effect of:

 

 

 

 

 

Investment income not subject to federal tax

 

(1.9

)%

(2.2

)%

Tax credits

 

(0.6

)%

(1.2

)%

State income taxes, net of federal benefit

 

1.3

%

1.2

%

Other, net

 

2.4

%

(0.5

)%

Effective income tax rate

 

36.2

%

32.3

%