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Income Taxes
3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
 
The Company’s provision for income taxes consists of state and local, and foreign taxes, as applicable, in amounts necessary to align the Company’s year-to-date tax provision with the effective rate that it expects to achieve for the full year.
 
For the three months ended March 31, 2017 and 2016, the Company recorded an income tax provision of $122,948 and $125,147, respectively, consisting primarily of state and local and foreign taxes. The effective tax rate for the three months ended March 31, 2017 and March 31, 2016 was (12.4%) and (3.0%), respectively. The change in the effective tax rate is attributable to the mix of foreign and domestic earnings as no tax expense or benefit is being recognized on domestic earnings or losses. As of March 31, 2017, the Company’s conclusion did not change with respect to the realizability of its domestic deferred tax assets and, therefore, the Company has not recorded any benefit for its expected net domestic deferred tax assets for the full year 2017 estimated annual effective tax rate. As of March 31, 2017, the valuation allowance totaled approximately $39.0 million.
 
The Company’s total unrecognized tax benefits, excluding interest, at both March 31, 2017 and December 31, 2016 were $217,461. At March 31, 2017, $333,248 of unrecognized tax benefits, including interest, if recognized, would reduce the Company’s effective tax rate. As of March 31, 2017 and December 31, 2016, the Company had $115,787 and $111,278, respectively, of accrued interest.