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Income Taxes
3 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]  
Income Taxes

Note 7 – Income Taxes

The Company’s effective tax rate was 7.9% and 23.7% for the three months ended March 31, 2019 and 2018, respectively.

Income tax benefit of $0.7 million for the three months ended March 31, 2019 was primarily due to the change in valuation allowance against the Company’s deferred tax assets during the first quarter of 2019. Income tax expense of $1.2 million for the three months ended March 31, 2018 was primarily due to expenses that are not deductible for tax purposes.

Deferred tax assets are evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies. The Company continues to evaluate its deferred tax asset valuation allowance on a quarterly basis.