INCOME TAXES

9 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The Company develops interim income tax provisions based on estimates of the effective tax rates expected to apply per tax domicile for the current annual reporting period. These estimates are reevaluated each quarter and updated as necessary. The tax effects of any discrete items are recorded in the period in which they occur and are excluded from the interim estimates of the effective annual rates.

The Company’s effective tax rates for the three months ended September 30, 2019 and 2018 was 25.4% and 26.1%, respectively, and 25.7% and 26.4% for the nine months ended September 30, 2019 and 2018, respectively. Changes in the effective tax rates for the third quarter and nine months ended September 30, 2019, as compared to the same periods in 2018, were primarily driven by the vesting of equity awards. In addition, changes in the relative taxable income in the countries and states in which the Company operates impact the effective tax rate.