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Income Taxes
6 Months Ended
Jun. 30, 2016
Income Taxes  
Income Taxes

Note 3 — Income Taxes

 

The Company is subject to taxation in the U.S. and various state and foreign jurisdictions. The Company remains subject to examination by U.S. federal and state and foreign tax authorities for the years 2012 through 2015. With few exceptions, the Company is no longer subject to examination by tax authorities for the year 2011 and prior. The consolidated effective tax rates were 33.0% and 25.0% in second quarter 2016 and 2015, respectively, and 31.9% and 28.4% in first half 2016 and 2015, respectively. The lower effective tax rates in second quarter and first half 2015 compared to second quarter and first half 2016 principally reflects a $1,066 release of an uncertain income tax liability and resulting income tax benefit due to a decision by a foreign court issued in the second quarter 2015.