Income Taxes	6 Months Ended
Jun. 30, 2017
Income Taxes
Income Taxes	7. Income Taxes Income tax expense for the three and six month ended June 30, 2017 was $4.2 million and $10.4 million, respectively. Income tax expense for the three and six month ended June 30, 2016 was $2.4 million and $5.5 million, respectively. The effective tax rates for the three and six month ended June 30, 2017 were 42.3% and 41.8%, respectively. The effective tax rates for the three month and six months ended June 30, 2016 were 41.8% and 42.6%, 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

6 Months Ended

Jun. 30, 2017

7. Income Taxes

Income tax expense for the three and six month ended June 30, 2017 was $4.2 million and $10.4 million, respectively. Income tax expense for the three and six month ended June 30, 2016 was $2.4 million and $5.5 million, respectively. The effective tax rates for the three and six month ended June 30, 2017 were 42.3% and 41.8%, respectively. The effective tax rates for the three month and six months ended June 30, 2016 were 41.8% and 42.6%, 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.