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Income Taxes
9 Months Ended
Sep. 30, 2015
Income Taxes [Abstract]  
INCOME TAXES

15. INCOME TAXES

 

The Company’s effective income tax rate for the three and nine months ended September 30, 2015 was 18.2% and 14.3%, respectively, and 34.2% and 33.3%, respectively, for the three and nine months ended September 30, 2014. The Company’s effective tax rate for the three and nine months ended September 30, 2015 and 2014 differed from the federal statutory rate of 35% primarily due to the discrete impact of the $80,337 goodwill impairment in the quarter ended September 30, 2015.  The impairment related to both tax deductible and nondeductible goodwill and reduced income tax expense by $16,450.  In addition, the Company's effective tax rate for the quarter ended September 30, 2015 differed from the federal statutory rate due to state income taxes, nondeductible expenses, U.S. domestic production activities deductions, and operations in foreign jurisdictions with lower statutory tax rates.