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INCOME TAXES (Tables)
3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense The following table contains the income tax expense recognized on the Consolidated Statements of Income and Comprehensive Income:
 Three Months Ended
March 31,
20202019
Income tax expense($3,706) ($4,349) 
Schedule of Effective Income Tax Rate Reconciliation The following table contains the Company’s annualized effective tax rate after discrete items:
 Three Months Ended
March 31,
20202019
Annualized effective tax rate after discrete items12.1 %12.7 %