Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.8.0.1
Income Taxes (Tables)
 3 Months Ended
Mar. 31, 2018
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 U.S. federal statutory rate to income before provision for income taxes and consisted of the following (in thousands):

 

     Three Months Ended March 31,  
     2018     2017  
     Amount      Rate     Amount      Rate  

Income tax expense at the federal statutory rate

    $ 5,106        21.0 %    $ 6,826        35.0 % 

State income tax expense, net of federal benefit

      1,097        4.5 %      768        3.9 % 

Effect of foreign operations

      32        0.1 %      76        0.4 % 

Windfall tax benefits, net related to stock-based compensation

      (217 )       (0.9 )%      (156 )       (0.7 )% 

Permanent items and other

      284        1.2 %      (12 )       (0.1 )% 
  

 

 

     

 

 

    

 

 

     

 

 

  
   $ 6,302        25.9 %    $ 7,502        38.5 %