Income Taxes	3 Months Ended
Mar. 31, 2016
Income Taxes
Income Taxes	(10) Income Taxes The income tax expense included in the accompanying unaudited condensed consolidated statements of income principally relates to the Company’s proportionate share of the pre-tax income of its wholly-owned subsidiaries. The determination of income tax expense for interim reporting purposes is based upon the estimated effective tax rate for the year, adjusted for the impact of any discrete items which are accounted for in the period in which they occur. The Company recorded tax expense of approximately 37.3% of income before income tax expense for the three-month period ended March 31, 2016 and approximately 35.0% of income before income tax expense for the three- month period ended March 31, 2015. The increase in the effective tax rate for the current period is due to a tax assessment of approximately $40,000 from one jurisdiction.

Income Taxes

3 Months Ended

Mar. 31, 2016

(10) Income Taxes

The income tax expense included in the accompanying unaudited condensed consolidated statements of income principally relates to the Company’s proportionate share of the pre-tax income of its wholly-owned subsidiaries. The determination of income tax expense for interim reporting purposes is based upon the estimated effective tax rate for the year, adjusted for the impact of any discrete items which are accounted for in the period in which they occur.

The Company recorded tax expense of approximately 37.3% of income before income tax expense for the three-month period ended March 31, 2016 and approximately 35.0% of income before income tax expense for the three- month period ended March 31, 2015. The increase in the effective tax rate for the current period is due to a tax assessment of approximately $40,000 from one jurisdiction.