Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v2.4.0.8
INCOME TAXES (Tables)
 6 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The following table shows the effective income tax rate on operations:
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2014
 
2013
 
2014
 
2013
Statutory rate
 
35.0
%
 
35.0
%
 
35.0
%
 
35.0
%
Non-deductible expenses (1)
 
0.2
%
 
0.2
%
 
0.7
%
 
—

Noncontrolling interest
 
0.1
%
 
0.6
%
 
0.2
%
 
0.5
%
State taxes
 
2.3
%
 
0.1
%
 
2.2
%
 
1.2
%
Effective tax rate
 
37.6
%
 
35.9
%
 
38.1
%
 
36.7
%
____________________
(1)
Non-deductible expenses are related primarily to the ESPP.