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Income Taxes
9 Months Ended
Sep. 30, 2016
Income Taxes  
Income Taxes

10.  Income Taxes

 

The effective tax rate for the three months ended September 30, 2016 was 20.2% compared to 31.3% for the same period in 2015.  The tax rates for the three months ended September 30, 2016 and 2015 were lower than the U.S. federal statutory rate of 35% primarily due to the mix of earnings in taxing jurisdictions where the tax rate is lower than the U.S. rate and favorable permanent differences related to discrete return to provision items.

 

The effective tax rate for the nine months ended September 30, 2016 was 30.3% compared to 33.0% for the nine months ended September 30, 2015.  The tax rates for the nine months ended September 30, 2016 and 2015 were lower than the U.S. federal statutory rate of 35% primarily due to the mix of earnings in taxing jurisdictions where the tax rate is lower than the U.S. rate and permanent differences related to discrete return to provision items.

 

The decrease in the effective rates for the three month and year to date periods ended September 30, 2016 as compared to the 2015 comparable periods primarily relates to discrete provision to return adjustments related to the filing of the U.S. tax return and changes in the mix of earnings in taxing jurisdictions where the tax rate is lower than the U.S. rate.