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Income Taxes
6 Months Ended
Jun. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
The Company recognized income tax expense of $10.2 million and $5.7 million for the three months ended June 30, 2015 and 2014, respectively. The increase in tax expense in the current-year quarter is largely due to higher pre-tax income levels. The prior-year quarter also included a tax benefit of $1.5 million associated with a reduction in unrecognized tax benefits, primarily related to the completion of an IRS audit. These factors contributed to the effective tax rate increasing from 25.1% in the prior-year quarter to 35.8% for the three months ended June 30, 2015.
For the six months ended June 30, 2015 and 2014, the Company recognized income tax expense of $18.6 million and $9.9 million, respectively. The effective tax rate was 35.9% and 28.7% for the six months ended June 30, 2015 and 2014, respectively. The increase in tax expense and the effective tax rate in the six months ended June 30, 2015 was due to higher pre-tax income levels and the absence of the aforementioned $1.5 million tax benefit.