v2.3.0.15
Income Taxes
9 Months Ended
Sep. 30, 2011
Income Taxes [Abstract] 
Income Taxes

20. Income taxes

As of December 31, 2010, the Company had unrecognized tax benefits amounting to $20,016 including an amount of $19,860 that, if recognized would impact the effective tax rate.

The following table summarizes the activities related to our unrecognized tax benefits for uncertain tax positions from January 1, 2011 to September 30, 2011:

 

Opening balance at January 1, 2011

      20,016   

Increase related to prior year tax positions, including recorded against Goodwill

      2,110   

Increase related to current year tax positions, including recorded against Goodwill

      2,319   

Decrease related to prior year tax positions

      (150 ) 

Effect of exchange rate changes

      (592 ) 
  

 

 

  

Closing balance at September 30, 2011

      23,703   
  

 

 

  

The unrecognized tax benefits as of September 30, 2011 include an amount of $23,541 that, if recognized, would impact the effective tax rate. As of December 31, 2010 and September 30, 2011, the Company has accrued approximately $2,020 and $2,542 respectively, in interest relating to unrecognized tax benefits.