INCOME TAXES	6 Months Ended
Jun. 30, 2020
INCOME TAXES
INCOME TAXES	10. INCOME TAXES The Company determines its periodic income tax provision based upon the current period income and the annual estimated tax rate for the Company adjusted for discrete items including tax credits and changes to prior year estimates. The estimated tax rate is revised, if necessary, as of the end of each successive interim period during the fiscal year to the Company’s current annual estimated tax rate. Income tax provision for both the second quarters of 2020 and 2019 reflect an effective tax rate of 18.3 percent. For the six months ended June 30, 2020, the effective tax rate reflects an income tax provision of 15.5 percent compared to 17.4 percent for the comparable period in the prior year. The effective rate in both periods includes the effect of beneficial permanent differences including discrete adjustments related to restricted stock dividends. The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted into law on March 27, 2020, has been evaluated in the Company's tax provision and there is no impact to the tax provision at this time. The impact of the CARES Act will continue to be evaluated throughout 2020.

INCOME TAXES

6 Months Ended

Jun. 30, 2020

10. INCOME TAXES

The Company determines its periodic income tax provision based upon the current period income and the annual estimated tax rate for the Company adjusted for discrete items including tax credits and changes to prior year estimates. The estimated tax rate is revised, if necessary, as of the end of each successive interim period during the fiscal year to the Company’s current annual estimated tax rate.

Income tax provision for both the second quarters of 2020 and 2019 reflect an effective tax rate of 18.3 percent. For the six months ended June 30, 2020, the effective tax rate reflects an income tax provision of 15.5 percent compared to 17.4 percent for the comparable period in the prior year. The effective rate in both periods includes the effect of beneficial permanent differences including discrete adjustments related to restricted stock dividends.

The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted into law on March 27, 2020, has been evaluated in the Company's tax provision and there is no impact to the tax provision at this time. The impact of the CARES Act will continue to be evaluated throughout 2020.