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Income Taxes
9 Months Ended
Sep. 30, 2016
Income Taxes [Abstract]  
Income Tax Disclosure
Income Taxes

The Company had an effective tax rate for the three and nine months ended September 30, 2016 of 37.5% and 31.0%, respectively, compared to 37.5% and 39.3%, respectively, for the three and nine months ended September 30, 2015. The lower effective tax rate for the nine months ended September 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.