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Income Taxes
6 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
Income Taxes

12. Income Taxes

Our effective income tax rate fluctuates from the U.S. statutory tax rate based on, among other factors, changes in pretax income in jurisdictions with varying statutory tax rates, the impact of U.S. state and local taxes, and other differences related to the recognition of income and expense between U.S. GAAP and tax accounting.  

Our effective income tax rate for the three months ended June 30, 2020 was 11.4%, compared with 17.0% for the three months ended June 30, 2019. The lower effective income tax rate for the three months ended June 30, 2020 was primarily attributable to the non-deductible portion of the goodwill impairment recorded in the first quarter of 2020.

Our effective income tax rate for the six months ended June 30, 2020 was 13.3%, compared with 17.7% for the six months ended June 30, 2019. The lower effective income tax rate for the six months ended June 30, 2020 was primarily attributable to the non-deductible portion of the goodwill impairment recorded in the first quarter of 2020.

We continue to monitor income tax developments in the United States and other countries where we operate. During the first quarter of 2020, the United States enacted legislation related to COVID-19, which includes tax provisions. We have considered these tax provisions and do not currently expect any material impact to our financial statements. We will incorporate into our future financial statements the impacts, if any, of future regulations and additional authoritative guidance when finalized.