Income Taxes

9 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

During the three months ended September 30, 2018, the Company recorded a tax expense of $0.2 million on a pre-tax income of $0.9 million, compared to a tax expense of $0.8 million on a pre-tax income of $2.0 million for the three months ended September 30, 2017. During the nine months ended September 30, 2018, the Company recorded a tax expense of $1.1 million on pre-tax income of $4.3 million, compared to a tax expense of $1.2 million on pre-tax income of $3.0 million for the nine months ended September 30, 2017. The income tax provision was computed based on the Company’s estimated effective tax rate, reflective of the TCJA new federal rates beginning January 1, 2018, and forecasted income expected for the full year, including the impact of any unusual, infrequent, or non-recurring items. Refer to Note 1 — "Basis of Presentation, Corporate Transactions, Significant Accounting Policies, and Recent Accounting Pronouncements" for further details.