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Income Taxes
3 Months Ended
Mar. 31, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The Company’s Provision for Income Taxes was $6,212 and $7,563 for the three months ended March 31, 2015 and 2014, respectively. The effective tax rate was 51% and 36% for the three months ended March 31, 2015 and 2014, respectively. The effective tax rate for 2015 and 2014 reflects the effect of certain nondeductible expenses, as well as the noncontrolling interest associated with LP Units and other adjustments.
The Company reported an increase in deferred tax assets of $445 associated with changes in Unrealized Gain (Loss) on Marketable Securities and an increase of $2,211 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the three months ended March 31, 2015. The Company reported a decrease in deferred tax assets of $535 associated with changes in Unrealized Gain (Loss) on Marketable Securities and a decrease of $136 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the three months ended March 31, 2014.
As of March 31, 2015, the Company had no unrecognized tax benefits.
The Company classifies interest relating to tax matters and tax penalties as a component of income tax expense in its Unaudited Condensed Consolidated Statements of Operations.