|6 Months Ended|
Jun. 30, 2017
|Income Tax Disclosure [Abstract]|
NOTE 12. INCOME TAXES
Our forecasted annual effective tax rate at June 30, 2017 was 45.1%, as compared to 34.0% at June 30, 2016. For the six months ended June 30, 2017 and 2016, our effective tax rate was 39.7% and 34.2%, respectively. The increase in the effective tax rate was primarily due to the permanent book-to-tax difference generated by changes in the estimated fair value of the warrant liability as of and for the six months ended June 30, 2017.
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