Income Taxes	6 Months Ended
Jun. 30, 2015
Income Taxes
Income Taxes	7. Income Taxes Income tax expense (benefit) for the three and six months ended June 30, 2015 was ($0.4 million) and $1.0 million respectively. Income tax expense for the three and six months ended June 30, 2014 was $1.3 million and $3.7 million respectively. The effective tax rate for the three and six months ended June 30, 2015 was 45.0% and 36.5%, respectively. The effective tax rate for the three and six months ended June 30, 2014 was 37.7% and 36.4%, respectively. The Company records tax expense or benefit for unusual or infrequent items discretely in the period in which they occur. Our tax rate is subject to change based on changes in the mix of assets leased to domestic and foreign lessees, the proportions of revenue generated within and outside of California, the amount of executive compensation exceeding $1.0 million as defined in IRS code 162(m) and numerous other factors, including changes in tax law.

Income Taxes

6 Months Ended

Jun. 30, 2015

7. Income Taxes

Income tax expense (benefit) for the three and six months ended June 30, 2015 was ($0.4 million) and $1.0 million respectively. Income tax expense for the three and six months ended June 30, 2014 was $1.3 million and $3.7 million respectively. The effective tax rate for the three and six months ended June 30, 2015 was 45.0% and 36.5%, respectively. The effective tax rate for the three and six months ended June 30, 2014 was 37.7% and 36.4%, respectively.

The Company records tax expense or benefit for unusual or infrequent items discretely in the period in which they occur. Our tax rate is subject to change based on changes in the mix of assets leased to domestic and foreign lessees, the proportions of revenue generated within and outside of California, the amount of executive compensation exceeding $1.0 million as defined in IRS code 162(m) and numerous other factors, including changes in tax law.