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Taxes on Income
3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]  
Taxes on Income
TAXES ON INCOME
The Company’s effective tax rate in the quarter ended March 31, 2017 was 20.5%. The effective rate was favorably impacted by the reversal of previously recorded valuation allowances due to changes in the realization of future tax benefits, primarily in the United States.
For the quarter ended March 31, 2016, the Company’s effective tax rate was a benefit of 54.6% on a pre-tax loss and was favorably impacted by a $1.9 million benefit related to the reversal of a previously recorded valuation allowance in the U.S. due to changes in the realization of future tax benefits.