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Income Taxes
9 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The effective tax rate was 174.1% and 29.1% for the three months and (121.1)% and 27.9% for the nine months of 2015 and 2014, respectively. The large negative effective tax rate for the nine month period in 2015 is due to the fact that the IRC Section 72(s) toll charges of $2.5 million are creating a pretax loss but are not deductible for tax. Additionally there is $0.6 million related to an uncertain tax position in the nine months ended September 30, 2015. In most periods where our effective tax rate is lower than the statutory tax rate of 35%, the difference is primarily due to tax-exempt state and local bond income. The effective tax rate in the current year is being impacted by the IRC Section 72(s) toll charges, as discussed in Note 7 Commitments and Contingencies, as these expenses are causing a pre tax loss in the nine month period ended September 30, 2015 but are not deductible for tax.