XML 18 R15.htm IDEA: XBRL DOCUMENT v3.20.1
Income Taxes
3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The Company's consolidated effective income tax rate may change periodically due to changes in enacted tax rates, fluctuations in the mix of income earned from the Company's various domestic and international operations, which are subject to income taxes at different rates, the Company's ability to utilize net operating loss and tax credit carryforwards, and amounts related to uncertain income tax positions. The provision for income taxes on consolidated income before income taxes totaled a benefit of $(8.5) million and a provision of $2.9 million for the three months ended March 31, 2020 and 2019, respectively. The overall effective tax rate increased to 39.2% for the three months ended March 31, 2020 compared with 33.7% for the 2019 period primarily due to the impact of goodwill impairment.

On March 27, 2020, the U.S. enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). We do not intend to apply for governmental loans from the CARES Act or any other governmental programs to support the Company’s operations. We are taking advantage of certain aspects of the CARES Act such as the deferral of payroll tax deposits and continuing to evaluate the other provisions of the CARES Act. In addition, there are numerous international legislative responses that we continue to evaluate, such as the Canadian Emergency Wage Subsidy program, among other enactments.