expire between 2019 and 2024 .the company anticipates fully utilizing these net operating losses prior to expiration .the company also has state net operating loss carryforwards resulting in a deferred tax asset of $ 5.3 million at december 31 , 2007 .the company has a full valuation allowance against this amount at december 31 , 2007 .the company has foreign net operating loss carryforwards resulting in deferred tax assets at december 31 , 2007 and 2006 of $ 45.6 million and $ 24.4 million , respectively .the company has valuation allowances against these net operating losses at december 31 , 2007 and 2006 of $ 5.2 million and $ 6.0 million , respectively .at december 31 , 2007 and 2006 , the company had foreign tax credit carryovers of $ 12.4 million and $ 12.7 million , respectively , which expire between 2010 and 2025 .as of december 31 , 2007 and 2006 , the company has a valuation allowance against $ 2.3 million of foreign tax credits that the company 2019s management believes it is more likely than not that it will not realize the benefit .as of january 1 , 2005 , the irs selected the company to participate in the compliance assurance process ( cap ) which is a real-time audit for 2005 and future years .the irs has completed its review for years 2002-2006 which resulted in an immaterial adjustment for tax year 2004 related to a temporary difference and no changes to any other tax year .tax years 2007 and 2008 are currently under audit by the irs .currently management believes the ultimate resolution of the 2007 and 2008 examinations will not result in a material adverse effect to the company 2019s financial position or results of operations .the company provides for united states income taxes on earnings of foreign subsidiaries unless they are considered permanently reinvested outside the united states .at december 31 , 2007 , the cumulative earnings on which united states taxes have not been provided for were $ 159.0 million .if these earnings were repatriated to the united states , they would generate foreign tax credits that could reduce the federal tax liability associated with the foreign dividend .the 2007 calendar year is the first year the company is required to adopt fasb interpretation no .48 , accounting for uncertainty in income taxes ( 201cfin 48 201d ) .as a result of the adoption , the company had no change to reserves for uncertain tax positions .interest and penalties on accrued but unpaid taxes are classified in the consolidated financial statements as income tax expense .the following table reconciles the gross amounts of unrecognized gross tax benefits at the beginning and end of the period ( in thousands ) : .
[['', 'gross amount'], ['amounts of unrecognized tax benefits at january 1 2007', '$ 11825'], ['decreases as a result of tax positions taken in a prior period', '-3749 ( 3749 )'], ['increases as a result of tax positions taken in a prior period', '15667'], ['amount of unrecognized tax benefit at december 31 2007', '$ 23743'], ['amount of decreases due to lapse of the applicable statute of limitations', '$ -3429 ( 3429 )'], ['amount of decreases due to change of position', '$ -320 ( 320 )']]
included in the balance of unrecognized tax benefits at december 31 , 2007 are potential benefits of $ 5.4 million that , if recognized , would affect the effective tax rate on income from continuing operations .the total amount of interest expense recognized in the consolidated and combined statements of earnings for unpaid taxes is $ 1.4 million for the year ended december 31 , 2007 .the total amount of interest and penalties recognized in the consolidated balance sheet is $ 8.4 million at december 31 , 2007 .due to the expiration of various statutes of limitation in the next twelve months , an estimated $ 3 million of gross unrecognized tax benefits may be recognized during that twelve month period .fidelity national information services , inc .and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 ( continued ) .

Question: what portion of the total interest expense is related to unpaid taxes in 2007?
Answer: 16.7%