Income Taxes

6 Months Ended

Jun. 30, 2011

Income Taxes [Abstract]

Income Taxes

NOTE 10: Income Taxes

For the first half of 2011, the Corporation recognized income tax expense of $17.5 million, compared to an income tax benefit of $32.8 million for the first half of 2010. The change in income tax was primarily due to the level of pretax income (loss) between the comparable six-month periods. The effective tax rate was 23.40% for the first half of 2011, compared to an effective tax benefit of (52.93%) for the first half of 2010. Income tax expense is also impacted by ongoing federal and state income tax audits and changes in tax law.