In 2011, the company had an income tax benefit of $25.2 million, compared with $3.0 million of expense in 2010. The effective tax rate on the 2011 pretax income was a benefit of 60.2 percent, compared with expense of 5.2 percent in 2010. The 2011 income tax provision included a $42.3 million benefit from released valuation allowances for U.S. and Mexico deferred tax assets. This benefit was offset partially by the net expense for income taxes on U.S. and foreign income and other current period tax adjustments.Fourth Quarter Results
Superior Industries Reports 2011 Financial Results For Full Year, Fourth Quarter
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