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Income Taxes
6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
The Company recognized income tax expense of $4.8 million and $10.4 million for the three months ended June 30, 2016 and 2015, respectively. The decrease in tax expense in the current-year quarter is largely due to lower pre-tax income levels. The effective tax rate for the three months ended June 30, 2016 was 33.8%, compared to 36.4% in the prior-year quarter.
For the six months ended June 30, 2016 and 2015, the Company recognized income tax expense of $10.5 million and $18.7 million, respectively. The decrease in tax expense in the first half of 2016 is largely due to lower pre-tax income levels. The effective tax rate was 34.7% and 36.5% for the six months ended June 30, 2016 and 2015, respectively.