INCOME TAXES |
3 Months Ended |
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Mar. 31, 2017 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES |
INCOME TAXES
During the three months ended March 31, 2017 and 2016, the Company recorded income tax benefit of $2.1 million and $1.0 million, respectively, resulting in effective tax rates of 25.2% and 20.3%, respectively. The increase in effective tax rates is primarily due to the recognition of tax benefits associated with the Company’s foreign affiliates.
During the three months ended March 31, 2017 and 2016, there were no new uncertain tax positions identified.
Amounts accrued for interest and penalties associated with unrecognized income tax benefits are included in other expense on the condensed consolidated statements of operations. As of March 31, 2017 and December 31, 2016, the gross amount of liability for accrued interest and penalties related to unrecognized tax benefits was $0.2 million.
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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