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Income Taxes
9 Months Ended
Sep. 30, 2013
Income Taxes  
Income Taxes

Note 5.                   Income Taxes

 

The effective tax rate was 32.5% and 40.3% for the three months ended September 30, 2013 and 2012, respectively, and 27.8% and 40.3% for the nine months ended September 30, 2013 and 2012, respectively. The decrease in the effective tax rate is primarily due 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 nine months ended September 30, 2013 includes the impact of $3.4 million of jobs tax credits related to 2013, prorated, and $3.4 million related to 2012 and prior periods’ jobs tax credit impact.