Income Taxes

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

9. Income Taxes

The Company’s forecasted effective tax rate at June 30, 2016 is 33.7%, a 2.1% decrease from the 35.8% effective tax rate recorded at December 31, 2015. The forecasted effective tax rate of 33.7% excludes jurisdictions for which no benefit from forecasted current year losses is anticipated. Including losses from such jurisdictions results in a forecasted effective tax rate of 34.3%. Our forecasted effective tax rate could fluctuate significantly on a quarterly basis and could change, to the extent that earnings in countries with tax rates that differ from that of the U.S. differ, from amounts anticipated at June 30, 2016.

After a discrete tax benefit of $103, the effective tax rate for the quarter ended June 30, 2016 is 31.4%. The discrete tax benefit is primarily attributable to a tax benefit related to stock-based compensation.