INCOME TAXES |
6 Months Ended |
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Jun. 30, 2020 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES |
NOTE 13. INCOME TAXES
Our forecasted annual effective tax rate (“AETR”) at June 30, 2020 was 22.2%, as compared to 22.3% at June 30, 2019. The slight decrease was primarily due to changes in permanent book-to-tax differences for the six months ended June 30, 2020.
For the six months ended June 30, 2020 and 2019, our effective tax rate (“ETR”) was 23.1% and 13.0%, respectively. The increase in the ETR for the six months ended June 30, 2020 is a result of favorable discrete items from the comparable prior-year period that are not recurring in the current 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/disclosureRef
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