Income Taxes

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes

7. Income Taxes

The provision for income taxes consists of the following:

	Three Months Ended March 31,
	2020			2019
Current:	(In thousands)
Federal	$	7,766		$	6,524
State and local		2,910			1,393
Foreign		3,447			2,771
Total current provision		14,123			10,688
Deferred:
Federal		1,905			1,602
State and local		352			249
Foreign		506			159
Total deferred provision		2,763			2,010
Provision for income taxes	$	16,886		$	12,698
Effective tax rate		18.4	%		19.5	%

The Company recognized excess tax benefits on share-based payments of $6.3 million and $3.0 million through the provision for income taxes for the three months ended March 31, 2020 and 2019, respectively.

The Company or one of its subsidiaries files U.S. federal, state and foreign income tax returns. The Company is currently under a New York State income tax examination for tax years 2010 through 2017. At this time, the Company cannot estimate when the examinations will conclude or the impact such examinations will have on the Company’s Consolidated Financial Statements, if any. Generally, other than New York State, the Company is no longer subject to tax examinations by tax authorities for years prior to 2016.