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INCOME TAXES (Tables)
 6 Months Ended
Jun. 30, 2012
Components of Pretax Income

The components of pretax (loss) income from continuing operations for the quarters and years to date ended June 30, 2012 and 2011 are as follows:

 

     For the Quarters Ended
June 30,		      For the Years to Date Ended
June 30,		  
     2012     2011      2012     2011  
     (Dollars in thousands)  

U.S.

    $ (104,276 )    $ 78,240       $ (69,665 )    $ 179,701   

Foreign

      (3,456 )      1,264         8,797        10,680   
  

 

 

    

 

 

     

 

 

    

 

 

  

Total

    $ (107,732 )    $ 79,504       $ (60,868 )    $ 190,381   
  

 

 

    

 

 

     

 

 

    

 

 

  
Summary of Income Tax Provision and Effective Tax Rate for Continuing Operations

The following is a summary of our income tax (benefit) provision and effective tax rate from continuing operations:

 

     For the Quarters Ended
June 30,		     For the Years to Date Ended
June 30,		  
     2012     2011     2012     2011  
     (Dollars in thousands)  

Pretax (loss) income

    $ (107,732 )    $ 79,504      $ (60,868 )    $ 190,381   

Income tax (benefit) provision

    $ (13,865 )    $ 26,085      $ (13,434 )    $ 66,367   

Effective tax rate

      12.9 %      32.8 %      22.1 %      34.9 %