XML 40 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes
3 Months Ended
Mar. 31, 2013
Income Taxes
5. Income Taxes

Income taxes recognized during the three months ended March 31, 2013 comprise:

   
Three Months Ended
 
   
March 31,
   
March 31,
 
   
2013
   
2012
 
   
(In thousands)
 
Provision for income taxes before restructuring and other items
  $ 5,021     $ 2,726  
Tax impact of restructuring and other items
    (1,255 )     -  
                 
Provision for income taxes after restructuring and other items
  $ 3,766     $ 2,726  

As at March 31, 2013 the Company maintains a $7.8 million liability (December 31, 2012: $8.3 million) for unrecognized tax benefit, which is comprised of $6.6 million (December 31, 2012: $7.2 million) related to items generating unrecognized tax benefits and $1.2 million (December 31, 2012: $1.1 million) for interest and related penalties to such items. The Company recognizes interest accrued on unrecognized tax benefits as an additional income tax expense.

The Company has analyzed filing positions in all of the significant federal, state and foreign jurisdictions where it is required to file income tax returns, as well as open tax years in these jurisdictions. The only periods subject to examination by the major tax jurisdictions where the Company does business are 2008 through 2012 tax years. The Company does not believe that the outcome of any examination will have a material impact on its financial statements.