6. Income Taxes

The provision for income taxes consists of the following:

	Three Months Ended March 31,
		2017		2016
	(In thousands)
Current:
Federal	$	8,315	$	7,078
State and local		1,458		1,289
Foreign		1,546		1,135
Total current provision		11,319		9,502
Deferred:
Federal		1,539		4,977
State and local		166		713
Foreign		120		215
Total deferred provision		1,825		5,905
Provision for income taxes	$	13,144	$	15,407

During the three months ended March 31, 2017, the Company recognized excess tax benefits on share-based payments of $5.8 million through the provision for income taxes.

The Company or one of its subsidiaries files U.S. federal, state and foreign income tax returns. Income tax returns for U.S. Federal (through 2013), New York City (through 2003) and state (through 2009) and Connecticut state (through 2003) have been audited. An examination of the Company’s New York State income tax returns for 2010 through 2012 is currently underway. The Company cannot estimate when the examination will conclude or the impact such examination will have on the Company’s Consolidated Financial Statements, if any.

The Company has determined that unremitted earnings of the Company’s foreign subsidiaries are considered indefinitely reinvested outside of the United States.