XML 61 R15.htm IDEA: XBRL DOCUMENT v3.3.0.814
Income Taxes
9 Months Ended
Sep. 30, 2015
Income Taxes [Abstract]  
Income Taxes

(8)     Income Taxes

 

The Company’s income tax provision was $14.3 million and $25.6 million for the three and nine months ended September 30, 2015 compared to $22.9 million and $53.3 million for the same periods in 2014. The effective income tax rate was 42.0% and 41.1% for the three and nine months ended September 30, 2015, compared to 39.0% and 39.9% for the same periods in 2014. The largest contributor to the increase for both periods was increased activity in higher state tax jurisdictions. Higher compensation expense also contributed to the increase, particularly for the three month comparison period.

 

As of September 30, 2015, the total amount of unrecognized tax benefits, including related interest and penalties was $7.6 million. If the total amount of unrecognized tax benefits was recognized, $6.7 million of unrecognized tax benefits and $0.9 million of interest would decrease the effective tax rate.