date:Feb 21, 2014
lower depreciation expense, partly offset by the $46.5 million gain from legal settlements in 2012.
Income tax expense decreased to 26.7% of pre-tax income in 2013 from 32.5% in 2012 primarily due to the reversal of $17.2 million of deferred taxes on corporate-owned life insurance (COLI) policies in the first quarter of 2013.