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Income Taxes
3 Months Ended
Mar. 31, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The Company's effective tax rate from continuing operations for the first three months of 2015 was 29.2% compared with 27.9% in the first three months of 2014 and 27.6% for the full year 2014. The increase in the first three months of 2015 effective tax rate from the full year 2014 rate is primarily due to the expiration of certain tax holidays.

The Aerospace and Industrial segments were previously awarded international tax holidays. The tax holidays awarded to Industrial have expired. The remaining tax holidays for which the Company currently receives benefit relate to Aerospace, the majority of which are expected to expire in 2015 through 2016.