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INCOME TAXES
 6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
Income Tax Expense
The Company’s income tax expense for the three and six months ended June 30, 2016 and 2015, respectively, consisted of the following components:
(In thousands)
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Current tax expense
$
(36,252
)
 
$
(23,309
)
 
$
(47,001
)
 
$
(63,694
)
Deferred tax benefit (expense)
9,115

 
1,232

 
10,371

 
(14,988
)
Income tax expense
$
(27,137
)
 
$
(22,077
)
 
$
(36,630
)
 
$
(78,682
)

The effective tax rates for the three and six months ended June 30, 2016 were (10.9)% and (12.3)%, respectively. The effective tax rates for the three and six months ended June 30, 2015 were (87.5)% and (22.2)%, respectively. The 2016 and 2015 effective tax rates were primarily impacted by the valuation allowance recorded against deferred tax assets resulting from current period net operating losses in U.S. federal, state and certain foreign jurisdictions due to uncertainty regarding the Company's ability to realize those assets in future periods.