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Income Taxes
 3 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
Income Taxes

Note 7 – Income Taxes

Our effective tax rate for 2014 is expected to be 19%. This is lower than the U.S. statutory rate primarily due to income in foreign jurisdictions taxed at lower rates. The expected tax rate for 2013 was 17% in the first quarter. The tax rate in the first quarter of 2013 also benefited from income in foreign jurisdictions taxed at lower rates.

At December 31, 2013, we had foreign tax credit carryforwards of $5,058 available for offset against future U.S. taxes on foreign earnings. Foreign tax credits of $944 expire in 2015 and the remaining $4,114 expire in 2023.

At December 31, 2013, we had foreign loss carryforwards of $5,093 and other foreign deductible carryforwards of $3,898. The foreign loss carryforwards have no expiration and the other deductible carryforwards expire from 2016 to 2020.

At December 31, 2013, we had a valuation allowance of $2,399 for certain foreign deferred tax assets.