XML 21 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes
6 Months Ended
Jun. 30, 2016
Income Taxes [Abstract]  
Income Tax Disclosure
Income Taxes

The Company had an effective tax rate for the three and six months ended June 30, 2016 of 38.2% and 28.9%, respectively, compared to 40.6% and 40.4%, respectively, for the three and six months ended June 30, 2015. The lower effective tax rate for six months ended June 30, 2016 was primarily a result of the reversal of a tax liability resulting from the resolution of an uncertain tax position associated with a former subsidiary as well as a one-time benefit associated with a foreign tax incentive deduction. 

The Company adopted accounting guidance requiring presentation of deferred income tax assets and liabilities as non-current in the condensed consolidated balance sheets, and offsetting deferred tax liabilities and assets. The Company early adopted this guidance on a prospective basis as of December 31, 2015. Prior periods were not retrospectively adjusted.