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Income Taxes
6 Months Ended
Jun. 30, 2016
Income Taxes  
Income Taxes

9. Income Taxes

For the three and six months ended June 30, 2016, the Company recorded income tax expense of $6.5 million and $13.2 million, respectively, compared to an income tax benefit of $5.9 million and $1.4 million for the three and six months ended June 30, 2015, respectively. The Company’s effective tax rate was 45.0% and 45.1% for the three and six months ended June 30, 2016, respectively, compared to 9.8% and 2.8% for the three and six months ended June 30, 2015, respectively. The effective tax rate for the three and six months ended June 30, 2016 differs from the U.S. statutory rate primarily due to the impact of state tax rates and nondeductible equity-based compensation expense. The lower effective tax rate for the three and six months ended June 30, 2015 primarily reflects the inability to realize a tax benefit from nondeductible equity-based compensation expense incurred in connection with the modification of equity awards as a result of the Company’s IPO.