INCOME TAXES	9 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s effective tax rate from continuing operations for the nine month period ended September 30, 2019 was 18.9 percent as compared to 11.9 percent for the nine month period ended September 30, 2018. The effective tax rate is lower than the U.S. statutory rate of 21 percent primarily due to foreign earnings taxed at rates below the U.S. statutory rate, the recognition of the U.S. foreign-derived intangible income (FDII) provisions, and certain discrete events including excess tax benefits from share-based compensation. For the third quarter of 2019 the effective tax rate was 19.8 percent as compared to 16.1 percent for the third quarter of 2018. The increase in the effective tax rate for the nine months ended September 30, 2019, compared with the same period in 2018, was primarily a result of the release of a valuation allowance of $5.4 million related to state net operating losses and incentives during the first quarter of 2018.

INCOME TAXES

9 Months Ended

Sep. 30, 2019

The Company’s effective tax rate from continuing operations for the nine month period ended September 30, 2019 was 18.9 percent as compared to 11.9 percent for the nine month period ended September 30, 2018. The effective tax rate is lower than the U.S. statutory rate of 21 percent primarily due to foreign earnings taxed at rates below the U.S. statutory rate, the recognition of the U.S. foreign-derived intangible income (FDII) provisions, and certain discrete events including excess tax benefits from share-based compensation. For the third quarter of 2019 the effective tax rate was 19.8 percent as compared to 16.1 percent for the third quarter of 2018.

The increase in the effective tax rate for the nine months ended September 30, 2019, compared with the same period in 2018, was primarily a result of the release of a valuation allowance of $5.4 million related to state net operating losses and incentives during the first quarter of 2018.