XML 18 R14.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Income Taxes
6 Months Ended
Jun. 30, 2011
Income Taxes [Abstract]  
INCOME TAXES
9. Income Taxes
The following table reconciles the statutory federal income tax rate to the Company’s effective tax rate:
                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2011     2010     2011     2010  
Statutory federal income tax rate
    35.0 %     35.0 %     35.0 %     35.0 %
Increases resulting from:
                               
Disallowed meals & entertainment
    0.1 %     0.2 %     0.1 %     0.3 %
Disallowed compensation
    2.0 %     0.5 %     1.2 %     0.6 %
State income tax, net of federal tax benefit (1)
    3.6 %     3.6 %     3.6 %     3.6 %
Other, net (2)
    1.8 %     -0.4 %     0.8 %     -0.5 %
 
                       
Effective tax rate
    42.5 %     38.9 %     40.7 %     39.0 %
 
                       
 
(1)   Included in income tax is State of Florida income tax at a statutory tax rate of 5.5%.
 
(2)   Other, net, includes estimated penalties and interest of 1.8% and 0.7% for the three and six months periods ended June 30, 2011, respectively regarding an underpayment of estimated taxes in 2011.