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Income Taxes
9 Months Ended
Sep. 30, 2013
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The Company's effective tax rate for the three months ended September 30, 2013 was 31.2% which resulted in an income tax benefit of $3.7 million on a loss from continuing operations of $12.0 million. This compares to 42.0% for the three months ended September 30, 2012, which resulted in a tax expense of $3.1 million on a profit from continuing operations of $7.3 million. The effective tax rates for the three months ended September 30, 2013 and 2012 differ from the U.S. statutory tax rate primarily as a result of no tax benefit being realized on certain foreign net operating losses.
The Company's effective tax rate for the nine months ended September 30, 2013 was 21.6% which resulted in an income tax benefit of $1.5 million on a loss from continuing operations of $6.9 million. This compares to 40.6% for the nine months ended September 30, 2012, which resulted in a provision for income tax expense of $17.7 million on a profit from continuing operations of $43.6 million. The effective tax rates for the nine months ended September 30, 2013 and 2012 differ from the U.S. statutory tax rate primarily as a result of no tax benefit being realized on certain foreign net operating losses.
Due to the various jurisdictions in which the Company files tax returns and the uncertainty regarding the timing of the settlement of tax audits, it is possible that there could be significant changes in the amount of unrecognized tax benefits in 2013 but the amount cannot be estimated. There has been no material change in the Company's contingency reserve for the three and nine months ended September 30, 2013.