Income Taxes

9 Months Ended

Sep. 30, 2015

Income Tax Disclosure Abstract

Income Tax Disclosure [Text Block]

15. Income Taxes

Our Income (loss) before income tax provision and earnings from unconsolidated affiliates is earned solely in the U.S. The following table summarizes income taxes (dollars in thousands):

		Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Income tax benefit (expense)	$	2,205		$	(40,688)		$	12,350		$	(30,709)
Effective tax rate		(32.6)	%		30.9	%		20.1	%		29.7	%

Our statutory income tax rate, including state income taxes, is 37%. Thedifferencebetweenthestatutoryincometaxrateandoureffectivetaxratefor the three and ninemonthsended September 30,2015isdueprimarilyto the impact of the lower equity-based compensation tax deduction for shares that vested during the period, the impact of the goodwill impairment, which is not deductible for tax purposes, and permanent differences between book and tax treatments.