Income Taxes |
9 Months Ended |
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Sep. 30, 2017 | |
| Income Taxes | |
| Income Taxes |
8. INCOME TAXES
Our effective tax rates were 33.4 percent and 33.8 percent for the three and nine months ended September 30, 2017, respectively. The effective tax rates for the three and nine months ended September 30, 2016 were 35.2 percent and 37.1 percent, respectively. The lower 2017 rates were due to discrete benefits related to share-based compensation, an increase in the amount of the Domestic Production Activities Deduction, and from return to accrual adjustments for tax returns filed in 2017 related to 2016.
A tax benefit of $1.6 million and $2.6 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 nine months ended September 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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