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Income Taxes
3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes:
The Company’s effective tax rate for the three months ended March 31, 2020 was 20.8% compared to the effective tax rate for the three months ended March 31, 2019 of 21.0%. The effective tax rate for the three months ended March 31, 2020 was lower than the March 31, 2019 effective tax rate primarily due to higher tax benefits from equity compensation and lower nondeductible earnout expenses in the current period versus the prior period. These benefits were partially offset by tax expense recorded in the current period in connection with the Company’s disposition of its aerial imagery sourcing business resulting from differences in the book and tax basis of the assets and entities disposed. The difference between statutory tax rates and the Company’s effective tax rate is primarily due to tax benefits attributable to equity compensation, offset by additional state and local taxes.