Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES

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

NOTE 13. INCOME TAXES

 

Our forecasted annual effective tax rate at March 31, 2019 was 22.7%, as compared to 21.2% at March 31, 2018.  This increase was primarily due to changes in permanent book-to-tax differences for the three months ended March 31, 2019, as compared to the prior year period.  For the three months ended March 31, 2019 and 2018, our effective tax rate was 18.0% and 21.2%, respectively. This decrease was primarily due to tax benefits related to stock options exercised during the three months ended March 31, 2019.