v2.4.0.6

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2012

Reconciliation of Statutory Income Tax Rate to Effective Tax Rate

The following table is a reconciliation of the Company’s statutory income tax expense to its effective tax rate for the three and six months ended June 30, 2012 and 2011:

		Three Months Ended June 30,								Six Months Ended June 30,
(Amounts in Thousands)		2012				2011				2012				2011
Income before equity in earnings (loss) of unconsolidated subsidiaries		$	49,294			$	64,693			$	97,327			$	125,233
Tax at federal statutory rate of 35%			17,253				22,643				34,064				43,832
Tax effects resulting from:
Net income of non-includible foreign subsidiaries			(5,697	)			(9,693	)			(10,265	)			(17,336	)
Other, net			186				(5,661	)			(880	)			(10,170	)
		$	11,742			$	7,289			$	22,919			$	16,326
Effective tax rate			23.8	%			11.3	%			23.5	%			13.0	%

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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