6. Income Taxes

The provision for income taxes consists of the following:

	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017		2016
	(In thousands)
Current:
Federal	$	9,030		$	10,546	$	17,345	$	17,624
State and local		1,470			1,871		2,928		3,160
Foreign		1,498			1,750		3,043		2,885
Total current provision		11,998			14,167		23,316		23,669
Deferred:
Federal		(479	)		2,836		1,060		7,813
State and local		(72	)		406		94		1,119
Foreign		103			16		224		231
Total deferred provision		(448	)		3,258		1,378		9,163
Provision for income taxes	$	11,550		$	17,425	$	24,694	$	32,832

The Company recognized excess tax benefits on share-based payments of $5.3 million and $11.0 million through the provision for income taxes, for the three and six months ended June 30, 2017, respectively.

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.