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Income Taxes
3 Months Ended
Mar. 31, 2013
Income Taxes  
Income Taxes

Note 4.                   Income Taxes

 

The effective tax rate was 10.8% and 40.3% for the three months ended March 31, 2013 and 2012, respectively. The decrease in the effective tax rate relates primarily to the impact of jobs tax credits.  On January 2, 2013, legislation was enacted that reinstated the jobs credit provisions retroactive to January 1, 2012.  The three months ended March 31, 2013 includes the current quarter’s jobs tax credit impact and $3.3 million related to 2012 and prior periods’ jobs tax credit impact.