Income Taxes |
9 Months Ended |
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Sep. 30, 2015 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes |
6. Income Taxes During the three and nine months ended September 30, 2015, the Company recorded income tax expense of $1.0 million and $0.8 million, respectively. The Company recorded income tax expense of $0.8 million and $1.9 million, respectively, for the same prior year periods. In computing its income tax provision, the Company estimates its effective tax rate for the full year and applies that rate to income earned though the reporting period. During the nine months ended September 30, 2015, the Company recognized a benefit from research and development credits (“R&D Credits”) of $0.2 million and adjustments to its foreign income tax liability for 2014 tax return filings of approximately $0.1 million. The R&D Credits relate to the Company’s recent investment in information technology and the foreign income tax liability adjustment relates to the Company’s Canadian operations. Without such benefits, the Company’s effective tax rate for the nine months ended September 30, 2015 would be 41.2% compared to 45.1% for the same prior year period. |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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