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INCOME TAXES
 6 Months Ended
Jun. 30, 2017
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, 2017 and 2016, respectively, consisted of the following components:
(In thousands)
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Current tax expense
$
(18,875
)
 
$
(36,252
)
 
$
(44,987
)
 
$
(47,001
)
Deferred tax benefit (expense)
1,467

 
9,115

 
(3,105
)
 
10,371

Income tax expense
$
(17,408
)
 
$
(27,137
)
 
$
(48,092
)
 
$
(36,630
)

The effective tax rates for the three months ended June 30, 2017 and 2016 were (11.6)% and (10.9)%, respectively. The effective tax rates for the six months ended June 30, 2017 and 2016 were (9.5)% and (12.3)%, respectively. The 2017 and 2016 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.