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TAXES
3 Months Ended
Mar. 31, 2017
TAXES  
TAXES

NOTE 7. TAXES

 

For three months ended March 31, 2017 and 2016, the Company’s effective tax rate was 34.6% and 35.3%, respectively. The lower effective tax rate in the first quarter of 2017 compared to the effective tax rate for the same period in 2016 is primarily attributable to the adoption of ASU No. 2016-09, which simplifies and improves the accounting for income taxes in relation with stock-based compensation transactions.