Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The provision for income taxes includes the following components:

	For the three months ended March 31,
	2013			2012
Current expense:
Canada	$	—		$	—
Foreign	10,306			—
Deferred tax expense:
Canada	—			—
Foreign	(3,173		)	12,531
Total expense	$	7,133		$	12,531

The deferred tax expense is related to the change in the temporary difference between book and tax basis at GSWL. During the first quarter of 2013, GSWL paid $8.3 million cash in income taxes to the Government of Ghana. In the first quarter of 2012, Ghana implemented a new tax law that raised the statutory rate from 25% to 35%. This increase had a $9.6 million impact on the first quarter 2012 deferred tax expense relating to the temporary difference at GSWL arising from prior periods. The tax expense related to the activity of the first three months of 2012 is $2.9 million.