Income Taxes (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Estimated Effective Income Tax Rate


	Nine Months Ended September 30,
	2012			2011
Estimated effective income tax rate:
Continuing operations		15.9	%		23.6	%

Discontinued operations		34.6	%		40.6	%

Consolidated overall		15.8	%		22.8	%

Schedule Of Unrecognized Tax Benefits

The Corporation’s unrecognized tax benefits, excluding interest, correlative effects and indirect benefits, are as follows:


	Nine Months Ended September 30, 2012
	(Dollars in Thousands)
Unrecognized tax benefits at beginning of period	$	9,288
Gross increases – tax positions in prior years		19,527
Gross decreases – tax positions in prior years		(13,876	)
Gross increases – tax positions in current year		1,409
Settlements with taxing authorities		(555	)

Unrecognized tax benefits at end of period	$	15,793

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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