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Income Taxes
6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Income Taxes

9. Income Taxes

During the three months ended June 30, 2016 and 2015, the Company recorded approximately $21.2 million and $16.5 million of income taxes, respectively.  The effective tax rate for the three months ended June 30, 2016 is 38.7% compared to a 40.1% effective tax rate for the same period in the prior year.

During the six months ended June 30, 2016 and 2015, the Company recorded approximately $37.1 million and $32.2 million of income taxes, respectively.  The effective tax rate for the six months ended June 30, 2016 is 38.7% compared to a 40.6% effective tax rate for the same period in the prior year.

 

In arriving at these rates, the Company considers a variety of factors including the forecasted full year pre-tax results, the U.S. federal tax rate of 35%, expected non-deductible expenses, and estimated state income taxes.  The Company’s final effective tax rate for the full year will be dependent on the level of pre-tax income, the apportionment of taxable income among state tax jurisdictions and the extent of non-deductible expenses in relation to pre-tax income. 

Tax years that remain open for purposes of examination of the Company’s income tax liability due to taxing authorities include the years ended December 31, 2014, 2013 and 2012.