Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company's forecasted effective tax rate at June 30, 2013 was 33.3%, a (4.1)%decrease from the 37.4% effective tax rate recorded at December 31, 2012. The forecasted effective tax rate of 33.3% excludes jurisdictions for which no benefit from forecasted current year losses is anticipated. Including losses from such jurisdictions results in a forecasted effective tax rate of 37.2%. Our forecasted effective tax rate could fluctuate significantly on a quarterly basis and could change, to the extent that earnings in countries with tax rates that differ from that of the U.S. from amounts anticipated at June 30, 2013.

After discrete benefit of $272, the effective tax rate for the six months ended June 30, 2013 was 31.6%. The discrete benefit is primarily attributable to the recognition of the U.S. research and development credit for 2012.