INCOME TAXES

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The Company’s effective tax rate from continuing operations for the three month period ended March 31, 2020 was 19.1 percent as compared to 13.9 percent for the three month period ended March 31, 2019. 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 partially offset by state taxes.

The increase in the effective tax rate for the three months ended March 31, 2020, compared with the same period in 2019, was primarily a result of unfavorable discrete events of $0.4 million.