Income Taxes

The effective income tax differed from the expected 35% rate as shown below:



	Three Months Ended September 30,
	2016			%		2015			%
Expected income taxes	$	70,511		35.0		$	69,653		35.0
Increase (reduction) in income taxes resulting from:
Low income housing investments	(4,245		)	(2.1	)	(4,792		)	(2.4	)
Share-based awards	(6,608		)	(3.3	)	—			—
Other	(107		)	—		290			0.1
Income tax expense from continuing operations	$	59,551		29.6		$	65,151		32.7

	Nine Months Ended September 30,
	2016			%		2015			%
Expected income taxes	$	208,689		35.0		$	206,573		35.0
Increase (reduction) in income taxes resulting from:
Low income housing investments	(13,902		)	(2.3	)	(14,239		)	(2.4	)
Share-based awards	(12,774		)	(2.1	)	—			—
Other	(538		)	(0.2	)	712			0.1
Income tax expense from continuing operations	$	181,475		30.4		$	193,046		32.7

The effective income tax rates for the three and nine months ended September 30, 2016 differed from the effective income tax rates for the same periods ended September 30, 2015 primarily as a result of the Company adopting ASU 2016-09 as of January 1, 2016. As a result of the adoption, the excess tax benefits related to share-based awards are now recorded through income tax expense rather than additional paid-in capital. See Note 2—New Accounting Standards for further discussion.