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Income Taxes
9 Months Ended
Sep. 30, 2011
Income Taxes 
Income Taxes

Note H — Income Taxes

 

The Company’s estimated annual effective tax rate for the three and nine-month periods ended September 30, 2011 varied from the federal statutory rate of 35% primarily due to the proportionate increase in expenses with limited tax deductibility relative to the Company’s estimated pretax loss for the year ending December 31, 2011. The rate also varied as a result of a $7.2 million benefit determined in connection with the preparation of the Company’s 2010 tax return, that resulted in an increase in the acquired ExpressJet deferred tax assets.