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## NOTE 15 – INCOMETAxEs 

Income or loss from continuing operations before income taxes, based on geographic location of the operations to which such earnings are attributable, is provided below. As the Company has elected to treat certain foreign subsidiaries as branches for U.S. income tax purposes, pretax income attributable to the United States shown below may differ from the pretax income reported on the Company’s annual U.S. Federal income tax return. 

<img src='content_image/214101.jpg'>

The Company made net income tax payments of approximately $101.9 million in 2011 and received net income tax refunds of approximately $16.0 million and $3.3 million in 2010 and 2009, respectively. 

