(9)	TAXES ON INCOME

Earnings before taxes on income and details of the provision for taxes on income for the three months and nine months ended September 30, 2017 and 2016 were as follows (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2017		2016		2017		2016
Earnings before taxes on income – United States	$	47,861	$	51,559	$	131,874	$	175,376
Provision for taxes on income:
Federal:
Current	$	3,617	$	1,190	$	13,605	$	14,281
Deferred		14,132		16,582		32,783		46,264
State and local		1,323		1,434		3,080		4,885
	$	19,072	$	19,206	$	49,468	$	65,430

ASU 2016-09 requires that excess tax benefits and tax deficiencies related to share-based compensation be recognized as income tax expense or benefit in the income statement as discrete items in the reporting period in which they occur. This requirement was applied on a prospective basis to the tax effects of exercised or vested stock awards occurring on or after January 1, 2017. This resulted in an increase in the provision for taxes on income of $1,060,000 for the three months ended September 30, 2017 and a decrease of $178,000 for the nine months ended September 30, 2017.