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Income Taxes
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9 Months Ended |
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Sep. 30, 2012
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| Income Taxes |
6. Income Taxes In order to determine the quarterly provision for income taxes, the Company used an estimated annual effective tax rate, which is based on expected annual income and statutory tax rates in the various jurisdictions in which the Company operates. Certain significant or unusual items are separately recognized in the quarter during which they occur and can be a source of variability in the effective tax rates from quarter to quarter. The Company recorded a provision for income taxes of $44 and $235 for the three and nine months ended September 30, 2012, respectively. The Company recorded a provision for income taxes of $8,227 and $6,710 for the three and nine months ended September 30, 2011, respectively. The provision for income taxes for the three and nine months ended September 30, 2012 primarily relates to income tax in certain foreign jurisdictions. The provision for income taxes for the three and nine months ended September 30, 2011 primarily relates to the establishment of a valuation allowance against the Company’s net federal deferred tax asset in the third quarter of 2011. During the nine months ended September 30, 2012, the Company’s unrecognized tax benefits increased by $151. The Company does not anticipate its unrecognized tax benefits will change significantly over the next 12 months. There were no accrued interest and penalties associated with uncertain tax positions as of September 30, 2012. |