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Income Taxes
9 Months Ended
Sep. 30, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The effective tax rate for the three months ended September 30, 2016 (Successor) was 39.0%, compared to the effective tax rate of 32.8% for the one month ended July 31, 2015 (Predecessor) and 24.7% for the two months ended September 30, 2015 (Successor). The effective tax rate for the nine months ended September 30, 2016 (Successor) was 37.9%, compared to the effective tax rate of (338.2)% for the seven months ended July 31, 2015 (Predecessor) and 24.7% for the two months ended September 30, 2015 (Successor).

The effective tax rate for the three and nine months ended September 30, 2016 (Successor) differs from the US statutory tax rate of 35% due to state income taxes and certain non-deductible expenses.
With respect to the Predecessor period, the effective tax rate in the prior period was favorably impacted by an increase in valuation allowances in certain foreign jurisdictions where the Company incurred net operating losses and would not be able to receive tax benefit from such losses, thus decreasing the overall effective tax rate due to the overall pre-tax losses incurred.