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INCOME TAXES
9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES

During the three and nine months ended September 30, 2014, the Company recognized an income tax benefit of $0.1 million and a provision of $0.6 million, respectively. The benefit for income taxes during the three months ended September 30, 2014 primarily consists of an income tax benefit of $0.2 million resulting from a reduction in valuation allowance for net deferred tax assets arising from other comprehensive income recorded in accordance with intraperiod tax allocation guidance, and an income tax benefit of $0.2 million related to the effective settlements of unrecognized tax benefits, offset by foreign taxes. The provision for income taxes during the nine months ended September 30, 2014 primarily consists of foreign taxes, offset by an income tax benefit of $0.3 million resulting from a reduction in valuation allowance for net deferred tax assets arising from other comprehensive income recorded in accordance with intraperiod tax allocation guidance, and an income tax benefit of $0.6 million related to the lapses of statutes of limitations as well as effective settlements of unrecognized tax benefits.

Due to the Company’s history of cumulative operating losses, management concluded that, after considering all the available objective evidence, it is not more likely than not that all the Company’s net deferred tax assets will be realized. Accordingly, all of the Company's U.S. deferred tax assets continue to be subject to a valuation allowance as of September 30, 2014.

As of September 30, 2014, the total amount of unrecognized tax benefits decreased by approximately $0.3 million as compared to December 31, 2013, primarily due to the lapses of statutes of limitations and effective settlements of unrecognized tax benefits. As a result of settlements of ongoing tax examinations and/or expiration of statues of limitations without the assessment of additional income taxes, the amount of unrecognized tax benefits that could be recognized in earnings in the next 12 months could range from zero to approximately $1.3 million.