INCOME TAXES

The Company's effective income tax rate for the three months ended March 31, 2018 and 2017 was as follows:



	Three Months Ended March 31,
	2018			2017
Income tax expense	$	3,079		$	4,344
Income before income tax expense	$	15,899		$	14,420
Effective tax rate⁽¹⁾	19.4		%	30.1		%


(1)	On December 22, 2017, the Tax Act was enacted, reducing the U.S. federal corporate income tax rate from 35.0% to 21.0%, effective January 1, 2018.