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Income Taxes | 9 Months Ended
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Sep. 30, 2014
Income Taxes [Abstract] |
Income Taxes | (12) Income Taxes The Company adjusts its effective tax rate each quarter based on the estimated annual effective tax rate, as required. The Company also records the tax impact of certain discrete, unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur. In addition, jurisdictions with a projected loss for the year where no tax benefit can be recognized are excluded from the estimated annual effective tax rate. The impact of such an exclusion could result in a higher or lower effective tax rate during a particular quarter, based upon the mix and timing of actual earnings versus annual projected earnings. The Company recognized an income tax provision (benefit) of ($1,174) and $794 from continuing operations for federal, state and foreign income taxes for the three months ended September 30, 2014 and 2013, respectively. The decrease in the tax provision for the three months ended September 30, 2014 compared to the same period for 2013 was primarily due to the tax benefit recognized on the PST loss, as adjusted for the non-tax deductible goodwill impairment benefit. The decrease in the effective tax rate for the three months ended September 30, 2014 to (14.7)% compared to the same period for 2013 of 9.6% was due to the recognition of a tax benefit on the PST operating loss and the impact of the non-tax deductible goodwill impairment benefit. The decrease in the effective tax rate was partially offset by a reduction in U.S. earnings. The Company recognized an income tax provision (benefit) of ($790) and $2,260 from continuing operations for federal, state and foreign income taxes for the nine months ended September 30, 2014 and 2013, respectively. The decrease in the tax provision for the nine months ended September 30, 2014 compared to the same period for 2013 was primarily due to the tax benefit recognized on the PST loss, as adjusted for the non-tax deductible goodwill impairment charge. The decrease in tax expense was partially offset by discrete tax items related to certain foreign operations recorded during the current period. The decrease in the effective tax rate for the nine months ended September 30, 2014 to 3.8% compared to the same period for 2013 of 11.7% was due to the recognition of a tax benefit on the PST operating loss which was offset by the impact of the non-tax deductible PST goodwill impairment as well as the impact of the discrete tax items discussed above.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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