Interest expense for the quarter was $11.1 million compared to $10.2 million last year, reflecting higher average debt levels from the company's stock buyback program. Other income was $2 million in the quarter from $1.6 million last year, primarily as a result of higher interest income and higher levels of cash and short-term cash investments. In the fourth quarter, the company had an effective tax rate of 26.1% compared to a rate of 27.2% in last year's quarter. The 2011 quarter includes an aggregate tax benefit of approximately $3.3 million or 31%, of the $10.6 million pretax onetime item described earlier. Excluding these effects, the effective tax rate in Q4 2011 was approximately 26.4%. For the full year 2011, excluding onetime items, the company's effective tax rate was 26.8%, and we currently expect the same tax rate in 2012.
Amphenol's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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