Income Taxes

9 Months Ended

Sep. 30, 2012

Income Taxes

Income Taxes

Note 6.                   Income Taxes

The effective tax rates were 40.3% and 35.1% for the three months ended September 30, 2012 and 2011, respectively, and 40.3% and 32.1% for the nine months ended September 30, 2012 and 2011, respectively. The increase in the effective tax rate relates primarily to the impact of jobs tax credits (not renewed for 2012) and an adjustment associated with the going private transaction costs, which was a discrete adjustment in the second quarter of 2011.  Renewal of the jobs tax credit is uncertain at this time.