Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.20.1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation The following table presents a reconciliation of the reported amount of income tax expense to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations:
Three Months Ended March 31,
2020 2019
Income tax expense computed at the statutory federal income tax rate 21  % 21  %
State taxes net of federal expense % %
Section 162(m) —  % %
Effective income tax rate, before discrete items 23  % 23  %
   Discrete items (1)
—  % (2  %)
Effective income tax rate, after discrete items 23  % 21  %

(1) Accounts for the potential impact of periodic volatility of stock-based compensation tax deductions on future effective tax rates.