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Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
Sources of income from continuing operations before income taxes
The sources of income (loss) from continuing operations before income taxes and earnings of our unconsolidated equity method investments for the three and six months ended June 30, 2020 and 2019 were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
U.S. operations
$
5,915

 
$
1,959

 
$
10,820

 
$
3,875

Non-U.S. operations
(192,983
)
 
32,658

 
(232,674
)
 
69,006

Income (loss) from continuing operations before income taxes and earnings (loss) of unconsolidated equity method investments
$
(187,068
)
 
$
34,617

 
$
(221,854
)
 
$
72,881
Analysis of effective income tax rate for continuing operations
Differences between statutory income tax rates and our effective income tax rates applied to pre-tax income (loss) from continuing operations consisted of the following:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Notional U.S. federal income tax expense (benefit) at the statutory rate
$
(39,284
)
 
$
7,270

 
$
(46,589
)
 
$
15,305

U.S. state and local income tax, net
390

 
181

 
1,979

 
390

Non-U.S. operations:
 
 
 
 
 
 
 
Bermuda
46,088

 
(2,910
)
 
48,594

 
(8,048
)
Ireland
1,017

 
2,093

 
(171
)
 
2,602

Singapore
59

 
(2
)
 
85

 
(4
)
Other low tax jurisdictions
412

 
(872
)
 
2,066

 
(1,724
)
Non-deductible expenses in the U.S.
140

 
232

 
3,420

 
569

Other
(4,151
)
 
—

 
(4,564
)
 
—

 
 
 
 
 
 
 
 
Income tax provision
$
4,671

 
$
5,992

 
$
4,820

 
$
9,090

The Coronavirus Aid, Relief and Economic Security (“CARES”) Act was signed into law on March 27, 2020. The CARES Act, among other things, includes provisions relating to net operating loss carrybacks, alternative minimum tax credit refunds, modification to the net interest expense deduction limitation and technical correction to the tax depreciation methods for qualified improvement property. While we continue to evaluate the potential application of the CARES Act provisions, the CARES Act did not materially impact the Company’s effective tax rate for the six months ended June 30, 2020.