Income taxes	3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income taxes	Income taxes On March 27, 2020, the President of the United States signed into law the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”). The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The Company is currently assessing the impact of the CARES Act, but we do not expect there to be a material impact to our consolidated financial statements. The estimated effective annual tax rate for the Company, which excludes discrete adjustments, was 26% and 27% for the three months ended March 31, 2020 and 2019. For the three months ended March 31, 2020 and 2019, the Company recorded a discrete tax benefit of $3.2 million and $1.8 million, respectively, primarily due to activity associated with equity awards.

Income taxes

3 Months Ended

Mar. 31, 2020

On March 27, 2020, the President of the United States signed into law the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”). The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The Company is currently assessing the impact of the CARES Act, but we do not expect there to be a material impact to our consolidated financial statements.

The estimated effective annual tax rate for the Company, which excludes discrete adjustments, was 26% and 27% for the three months ended March 31, 2020 and 2019. For the three months ended March 31, 2020 and 2019, the Company recorded a discrete tax benefit of $3.2 million and $1.8 million, respectively, primarily due to activity associated with equity awards.