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INCOME TAXES
6 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES

During the three months ended June 30, 2019, the Company recognized income tax expense of $20.3 million on income of $101.9 million, an effective tax rate of 19.9%, as compared to income tax expense of $30.4 million on income of $114.6 million, an effective tax rate of 26.5%, for the three months ended June 30, 2018. The lower effective tax rate for the three months ended June 30, 2019 is primarily due to less favorable jurisdictional mix and the impact of H.R. 1 “An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018” (“2017 Federal Tax Act”) in the three months ended June 30, 2018, when compared to the three months ended June 30, 2019.

During the six months ended June 30, 2019, the Company recognized income tax expense of $38.3 million on income of $177.1 million, an effective tax rate of 21.6%, as compared to income tax expense of $44.6 million on income of $197.5 million, an effective tax rate of 22.6%, for the six months ended June 30, 2018. The lower effective tax rate for the six months ended June 30, 2019 is primarily due to less favorable jurisdictional mix and the impact of the 2017 Federal Tax Act, partially offset by higher stock compensation deductions in the six months ended June 30, 2018, when compared to the six months ended June 30, 2019.