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Income Taxes
3 Months Ended
Mar. 31, 2018
Income Taxes [Abstract]  
Income Taxes

(7)     Income Taxes



The Company’s effective income tax rate for the three months ended March 31, 2018 was 28.1% compared to 37.1% for the three months ended March 31, 2017. The effective tax rate for the 2018 period reflects the reduction in the federal statutory income tax rate from 35% to 21% effective January 1, 2018 as a result of the Tax Act, and the rate for the 2017 period was favorably impacted by certain tax benefits associated with share-based compensation. For the three months ended March 31, 2018 and 2017, the effective tax rate was higher than the federal statutory rate primarily due to state income taxes, while the 2017 period was also favorably impacted by the tax benefits associated with share-based compensation mentioned above.