Income Taxes (Tables)
9 Months Ended
Sep. 30, 2012
Reconciliation of Federal Income Tax Rate to the Company's Effective Income Tax Rate

The following table provides a reconciliation of the federal income tax rate to the Company’s effective income tax rate for the third quarters and nine months ended September 30, 2012 and 2011.

 

     Quarter Ended     Nine Months Ended  
     September 30     September 30  
             2012                     2011                     2012                     2011          

Federal income tax rate

     35%        35%        35%        35%   

Tax credits, net of equity adjustment

     1        5        -        1   

Permanent differences

     (2     (1     (1     (1

Other

     -        1        -        1   
  

 

 

   

 

 

   

 

 

   

 

 

 

Effective income tax rate

     34%        40%        34%        36%