Income Taxes	3 Months Ended
Mar. 31, 2017
Income Taxes
Income Taxes	8. Income Taxes Income tax expense for the three month ended March 31, 2017 and March 31, 2016 was $6.2 million and $3.1 million, respectively. The effective tax rates for the three month ended March 31, 2017 and March 31, 2016 were 43.3% and 43.2%, respectively. The Company records tax expense or benefit for unusual or infrequent items discretely in the period in which they occur. Our tax rate is subject to change based on changes in the mix of assets leased to domestic and foreign lessees, the proportions of revenue generated within and outside of California, the amount of executive compensation exceeding $1.0 million as defined in IRS code 162(m) and numerous other factors, including changes in tax law.

Income Taxes

3 Months Ended

Mar. 31, 2017

8. Income Taxes

Income tax expense for the three month ended March 31, 2017 and March 31, 2016 was $6.2 million and $3.1 million, respectively. The effective tax rates for the three month ended March 31, 2017 and March 31, 2016 were 43.3% and 43.2%, respectively.

The Company records tax expense or benefit for unusual or infrequent items discretely in the period in which they occur. Our tax rate is subject to change based on changes in the mix of assets leased to domestic and foreign lessees, the proportions of revenue generated within and outside of California, the amount of executive compensation exceeding $1.0 million as defined in IRS code 162(m) and numerous other factors, including changes in tax law.