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Income Taxes
6 Months Ended
Jun. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

During the first half of 2015, the Company determined it was more likely than not that the federal and state net operating losses it expects to generate in 2015 will not be realized based on projections of future taxable income. Accordingly, the estimated annual effective rate for the year ended December 31, 2015 includes a valuation allowance. In applying the estimated annual effective rate to earnings for the three months ended June 30, 2015, the Company increased its valuation allowance by $59.3 million for the federal net operating losses and $3.3 million for the state net operating losses; and $104.6 million for federal net operating losses and $5.8 million for state net operating losses for the six months ended June 30, 2015.

During the first half of 2014, the Company increased its valuation allowance for the portion of the federal and state net operating losses it expected to generate in 2014. The Company increased its valuation allowance by $38.1 million for the federal net operating losses and $3.9 million for the state net operating losses.