Quarterly report pursuant to sections 13 or 15(d)

Income Taxes

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Income Taxes
 6 Months Ended
Jun. 30, 2011
Income Taxes
4.
Income Taxes
 
 
The tax rate for the 2011 periods represents the actual effective tax rate for such period, which the Company believes represents the best estimate of the annual effective tax rate. The rate reflects the utilization of net operating loss carryforwards to offset taxable income and a deferred tax provision of $202 and $409 for the three and six months ended June 30, 2011, respectively, related to goodwill which is amortized for tax purposes. The balance of the tax provision principally represents alternative minimum taxes for federal and state purposes.
 
Income tax expense for the three and six months ended June 30, 2010 primarily represents deferred income taxes relating to amortization of goodwill for tax purposes. The income tax rate for the 2010 period did not bear a customary relationship to the effective tax rate, primarily as a result of the increase in the valuation allowance for the 2010 periods.