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Income Taxes
6 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

Income Tax Provision

For the three and six months ended June 30, 2014, we recorded $14.3 million and $17.7 million, respectively, of income tax expense and had an effective rate of 35.1% and 35.7%, respectively. As a result of our conversion to a corporation in February 2013, we recorded net deferred tax assets of $68.7 million, the effect of which was recorded as an income tax benefit in our Consolidated Statement of Operations for the six months ended June 30, 2013. Excluding the discrete establishment of net deferred tax assets, we recorded $6.8 million and $14.4 million, respectively, of income tax expense and had an effective tax rate of 39.5% and 38.9%, respectively, for the three and six months ended June 30, 2013. During the three and six months ended June 30, 2014, the primary reasons for the difference between the federal statutory income tax rate of 35% and the effective tax rate were the effect of state taxes, offset partially by the domestic manufacturers' deduction and other tax credits. During the three and six months ended June 30, 2013, the primary reason for the difference between the federal statutory income tax rate of 35% and the effective tax rate, excluding the deferred discrete item, was the effect of state taxes.

During the six months ended June 30, 2014 and 2013, cash paid for taxes, net of refunds received, was $4.0 million and $12.7 million, respectively.

Income Tax Uncertainties

We recognize tax liabilities and adjust these liabilities when our judgment changes as a result of the evaluation of new information not previously available or as new uncertainties occur. As of June 30, 2014, we had an insignificant amount of unrecognized tax benefits recorded on our Consolidated Balance Sheets, and we do not expect a significant change over the next 12 months. We had no unrecognized tax benefits recorded as of December 31, 2013. During the three and six months ended June 30, 2014 and 2013, we did not record any interest or penalties related to uncertain tax positions.