Income Taxes |
6 Months Ended |
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Jun. 30, 2017 | |
| Income Taxes | |
| Income Taxes |
8. INCOME TAXES
Our effective tax rates were 38.1 percent and 34.4 percent for the three and six months ended June 30, 2017, respectively. The effective tax rates for the three and six months ended June 30, 2016, were 38.7 percent and 38.8 percent, respectively. The lower 2017 rates were due to discrete benefits related to share-based compensation and an increase in the amount of the Domestic Production Activities Deduction.
A tax benefit of $0.3 million and $1.2 million related to share-based compensation was recognized in our Condensed Consolidated Statements of Operations as a discrete item in income tax expense for the three and six months ended June 30, 2017, respectively. |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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