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Income Taxes
3 Months Ended
Jun. 30, 2014
Income Taxes  
Income Taxes

Note 5.Income Taxes

 

The effective tax rate was 41.1% and 36.4% for the three months ended June 30, 2014 and 2013, respectively, and 41.7% and 25.1% for the six months ended June 30, 2014 and 2013, respectively. The 2014 rate was negatively impacted by the expiration of jobs tax credits (not renewed for 2014), while the 2013 rate was favorably impacted by the renewal 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 included that quarter’s jobs tax credit impact and $3.3 million related to 2012 and prior periods’ jobs tax credit impact.