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Income Taxes
9 Months Ended
Sep. 30, 2015
Income Taxes [Abstract]  
Income Taxes

(10)     Income Taxes

 

The income tax provision for the three months ended September 30, 2014 and 2015 was $2.7 million and $4.8 million, respectively, and the income tax provision for the nine months ended September 30, 2014 and 2015 was $10.0 million and $11.2 million, respectively. The Company's effective tax rate was 39.5% and 39.7% for the three and nine months ended September 30, 2014, respectively, compared to 38.9% and 40.2% for the same periods in 2015.  The Company provides for income taxes using an asset and liability approach, under which deferred income taxes are provided based upon enacted tax laws and rates applicable to periods in which the taxes become payable.

 

The Company is subject to income taxes in the U.S. federal and various state jurisdictions. Presently, there are no income tax examinations scheduled in the jurisdictions where the Company operates.

 

As of September 30, 2015, the Company remains in a net deferred tax asset position. The realization of the Company’s deferred tax assets depends primarily on its ability to generate sufficient U.S. taxable income in future periods. The amount of deferred tax assets considered realizable may increase or decrease in subsequent quarters as management reevaluates the underlying basis for the estimates of future domestic taxable income.