Income Taxes

9 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES 

Our effective income tax rate was 18.0% for the three months ended September 30, 2019, as compared to 14.5% for the three months ended September 30, 2018, and 18.5% for the nine months ended September 30, 2019, as compared to 16.9% for the nine months ended September 30, 2018. The increase in our effective tax rate for the three months ended September 30, 2019, as compared to the same period in the prior year, was primarily driven by lower tax benefits from share-based compensation. The increase in our effective tax rate for the nine months ended September 30, 2019, as compared to the same period in the prior year, was primarily driven by lower tax benefits from share-based compensation, partially offset by a nonrecurring item recorded in the three months ended March 31, 2018, that resulted from the 2017 Tax Cut and Jobs Act.

The effective tax rate for the three and nine months ended September 30, 2019, differed from the U.S. statutory tax rate of 21% primarily due to tax benefits from share-based compensation.