Income taxes	6 Months Ended
Jun. 30, 2015
Income taxes
Income taxes	Note 4. Income taxes For the six month periods ended June 30, 2015 and 2014, our income tax expense has been computed utilizing the estimated annual effective rates of 40.1% and 38.8% respectively. The difference between the annual effective rate of 40.1% and the statutory Federal income tax rate of 35% in the six month period in 2015, is primarily due to state and foreign income taxes. The difference between the annual effective rate of 38.8% and the actual effective rate in the six month period in 2014, is primarily due to the reversal of the valuation allowance previously recorded of $2.5 million, as we determined that it was reasonably certain that our foreign tax credits will be realized following the Cable Networks Acquisition on April 1, 2014. Income tax expense for the three and six months ended June 30, 2015, was $2.3 million and $4.0 million, respectively. Income tax benefit for the three and six months ended June 30, 2014, was $1.6 million and $1.2 million, respectively.

Income taxes

6 Months Ended

Jun. 30, 2015

Note 4. Income taxes

For the six month periods ended June 30, 2015 and 2014, our income tax expense has been computed utilizing the estimated annual effective rates of 40.1% and 38.8% respectively. The difference between the annual effective rate of 40.1% and the statutory Federal income tax rate of 35% in the six month period in 2015, is primarily due to state and foreign income taxes. The difference between the annual effective rate of 38.8% and the actual effective rate in the six month period in 2014, is primarily due to the reversal of the valuation allowance previously recorded of $2.5 million, as we determined that it was reasonably certain that our foreign tax credits will be realized following the Cable Networks Acquisition on April 1, 2014.

Income tax expense for the three and six months ended June 30, 2015, was $2.3 million and $4.0 million, respectively. Income tax benefit for the three and six months ended June 30, 2014, was $1.6 million and $1.2 million, respectively.