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Taxes on Income
9 Months Ended
Sep. 30, 2016
Income Tax Disclosure [Abstract]  
Taxes on Income
Taxes on Income
 
The effective tax rate was a negative 17.4% in the third quarter of 2016 as compared to 7.3% in the third quarter of 2015 and a negative 2.5% in the first nine months of 2016 as compared to 6.6% in the equivalent prior-year period. The low tax rates in both periods were due to the goodwill and other asset impairment charges that were largely non-deductible for tax purposes. The tax expense in both years was predominantly non-cash due to the Company’s significant net operating loss carryover.  Current tax expense was approximately $1.7 million and $0.4 million for the third quarter of 2016 and 2015, respectively, and was approximately $4.0 million and $1.9 million in the first nine months of 2016 and 2015, respectively; it was attributable primarily to state income and AMT taxes.