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INCOME TAXES | 6 Months Ended
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Jun. 30, 2020
INCOME TAXES |
INCOME TAXES | NOTE 5. INCOME TAXES The following table sets out the tax expense and the effective tax rate for our income from continuing operations: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30, | ​
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019 | ​
Income from continuing operations, before income taxes | ​ | $ | 33,889 | ​ | $ | 26,550 | ​ | $ | 56,187 | ​ | $ | 39,084 | ​
Provision for income taxes | ​ | $ | 4,610 | ​ | $ | 3,177 | ​ | $ | 8,510 | ​ | $ | 324 | ​
Effective tax rate | ​ | ​ | 13.6 | % | ​ | 12.0 | % | ​ | 15.1 | % | ​ | 0.8 | %
​ Our effective tax rates differ from the U.S. federal statutory rate of 21% for the three and six months ended June 30, 2020 and 2019, respectively, primarily due to the benefit of earnings in foreign jurisdictions which are subject to lower tax rates, partially offset by additional GILTI tax in the U.S. The effective tax rate for the first half of 2020 was higher than the same period in 2019 primarily due to the release of liabilities for uncertain tax positions in the first quarter of 2019.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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