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Income Taxes
 3 Months Ended
Mar. 31, 2012
Income Taxes [Abstract]  
INCOME TAXES

NOTE K—INCOME TAXES

The Company’s effective tax rate was 33% for the three month periods ended March 31, 2012 and 2011, respectively. The lower effective tax rate for the three month period ended March 31, 2012 compared to the U.S. federal statutory tax rate of 35% is primarily due to increased earnings in jurisdictions with lower tax rates than the U.S. federal statutory rate in jurisdictions where such earnings are permanently reinvested.

The Company provides valuation allowances against deferred tax assets when it is more likely than not that some portion, or all of its deferred tax assets will not be realized. No significant changes to the valuation allowance were reflected for the period ended March 31, 2012.

As of March 31, 2012, the Company had gross unrecognized tax benefits of approximately $1 million and there were no significant changes during the period ended March 31, 2012. Under the Provisions of ASC 740 Income Taxes, the Company may decrease its unrecognized tax benefits by $.2 million within the next twelve months due to expiration of statutes of limitations.