INCOME TAXES	9 Months Ended
Sep. 30, 2017
INCOME TAXES
INCOME TAXES	H. INCOME TAXES Effective tax rates differ from statutory federal income tax rates, primarily due to provisions for state and local income taxes and permanent tax differences. Our effective tax rate was 31.9% in the third quarter of 2017 compared to 32.5% for same period in 2016. Our effective tax rate was 33.0% in the first nine months of 2017 compared to 34.2% in 2016, primarily due to recording a tax deduction for certain share-based compensation and fees at fair market value.

INCOME TAXES

9 Months Ended

Sep. 30, 2017

H. INCOME TAXES

Effective tax rates differ from statutory federal income tax rates, primarily due to provisions for state and local income taxes and permanent tax differences. Our effective tax rate was 31.9% in the third quarter of 2017 compared to 32.5% for same period in 2016. Our effective tax rate was 33.0% in the first nine months of 2017 compared to 34.2% in 2016, primarily due to recording a tax deduction for certain share-based compensation and fees at fair market value.