Income Taxes

3 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For the three months ended March 31, 2019, the Company recognized an income tax expense of $3.1 million on pre-tax earnings of $14.0 million compared to $5.3 million income tax expense on pre-tax earnings of $21.2 million for the three months ended March 31, 2018. The effective tax rate for the three months ended March 31, 2019 was 22.0% compared to 25.0% for the three months ended March 31, 2018. The effective tax rate for the three months ended March 31, 2019 decreased primarily due to an increase in estimated income tax credits and a reduction in state taxes. 

As of March 31, 2019, the Company has not identified any uncertain tax positions that would have a material impact on the Company’s financial position. The Company recognizes potential interest and penalties related to uncertain tax positions, if any, in income tax expense. 

The tax years that remain subject to examination for the Company’s major tax jurisdictions at March 31, 2019 are shown below:

2015 – 2018 United States — federal income tax 

2012 – 2018 United States — state and local income tax 

2014 – 2018 Canada and Puerto Rico