Income Taxes From Continuing Operations

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Income Taxes From Continuing Operations

Note 18: Income Taxes From Continuing Operations

Our effective tax rate from continuing operations was (62.4)% and 20.9% for the three months endedJune 30, 2015 and 2014, respectively, and 113.4% and 29.7% for the six months endedJune 30, 2015 and 2014, respectively.

Our effective tax rate for the three months endedJune 30, 2015, was higher than the U.S. Federal statutory rate of 35.0% primarily due to an $85.9 million non-tax deductible goodwill impairment charge that was recorded in the second quarter of 2015 and state income taxes, partially offset by the domestic production activities deduction and a net decrease in valuation allowances related to capital loss carryforwards and state tax credit carryforwards.

Our effective tax rate for the three months endedJune 30, 2014, was lower than the U.S. Federal statutory rate of 35.0% primarily due to a worthless stock deduction and the domestic production activities deduction, partially offset by state income taxes.

Our effective tax rate for the six months endedJune 30, 2015, was higher than the U.S. Federal statutory rate of 35.0% primarily due to an $85.9 million non-tax deductible goodwill impairment charge that was recorded in the second quarter of 2015 and state income taxes, partially offset by the domestic production activities deduction.

Our effective tax rate for the six months endedJune 30, 2014, was lower than the U.S. Federal statutory rate of 35.0% primarily due to a worthless stock deduction and the domestic production activities deduction, partially offset by state income taxes.