Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.7.0.1
Income Taxes (Tables)
 3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]  
Components of Provision for Income Taxes and Income before Provision for Income Taxes

The provision for income taxes differs from the amount computed by applying the statutory federal corporate income tax rate of 35% to income before provision for income taxes and consisted of the following (in thousands):

 

     Three Months Ended March 31,  
     2017     2016  
     Amount      Rate     Amount      Rate  

Income tax expense at the federal statutory rate of 35%

    $ 6,826        35.0 %    $ 8,644        35.0 % 

State income tax expense, net of federal benefit

      768        3.9 %      986        4.0 % 

Foreign rate differential

      22        0.1 %      59        0.2 % 

Windfall tax benefits, net related to stock-based compensation

      (156 )       (0.7 )%      —          —    

Change in valuation allowance

      54        0.3 %      146        0.6 % 

Other

      (12 )       (0.1 )%      47        0.2 % 
  

 

 

     

 

 

    

 

 

     

 

 

  
   $ 7,502        38.5 %    $ 9,882        40.0 %