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Income Taxes
3 Months Ended
Jun. 30, 2020
Income Taxes  
Income Taxes

12. Income Taxes

The Company applies an estimated annual effective rate to interim period pre-tax income to calculate the income tax provision for the quarter in accordance with the principal method prescribed by the accounting guidance established for computing income taxes in interim periods. The Company’s effective tax rates from continuing operations were 23.3% and 23.0% for the three months ended June 30, 2020 and 2019, respectively, and 23.2% and 22.9% for the six months ended June 30, 2020 and 2019, respectively. The effective tax rates approximated statutory rates and include the effect of investments in tax-exempt instruments, offset by non-deductible expenses.