Income Taxes	3 Months Ended
Mar. 31, 2020
Income Taxes
Income Taxes	11. Income Taxes Income tax expense (benefit) was approximately $0.2 million and $(1.9) million for the three months ended March 31, 2020 and 2019, respectively. The effective tax rate for the three months ended March 31, 2020 and 2019, was 5.8% and 11.7%, respectively. The Company’s effective tax rate was lower during the three months ended March 31, 2020 as compared with the three months ended March 31, 2019 primarily resulting from the discrete treatment of the Transaction bonus amounts and Transaction costs discussed in Note 3. The Company accounts for income taxes in interim periods under ASC 740-270, Income Taxes – Interim Reporting, which generally requires us to apply an estimated annual consolidated effective tax rate to consolidated pre-tax income. In addition, the guidance under ASC 740 further provides that, in establishing the estimated annual effective tax rate, the Company excludes losses from jurisdictions in which no tax benefit is expected to be recognized for such losses. As discussed in Note 1, we determined the CARES ACT did not have a material impact on our provision for income taxes for the three months ended March 31, 2020.

Income Taxes

3 Months Ended

Mar. 31, 2020

11. Income Taxes

Income tax expense (benefit) was approximately $0.2 million and $(1.9) million for the three months ended March 31, 2020 and 2019, respectively. The effective tax rate for the three months ended March 31, 2020 and 2019, was 5.8% and 11.7%, respectively. The Company’s effective tax rate was lower during the three months ended March 31, 2020 as compared with the three months ended March 31, 2019 primarily resulting from the discrete treatment of the Transaction bonus amounts and Transaction costs discussed in Note 3.

The Company accounts for income taxes in interim periods under ASC 740-270, Income Taxes – Interim Reporting, which generally requires us to apply an estimated annual consolidated effective tax rate to consolidated pre-tax income. In addition, the guidance under ASC 740 further provides that, in establishing the estimated annual effective tax rate, the Company excludes losses from jurisdictions in which no tax benefit is expected to be recognized for such losses.

As discussed in Note 1, we determined the CARES ACT did not have a material impact on our provision for income taxes for the three months ended March 31, 2020.