Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.20.2
Income Taxes (Tables)
3 Months Ended
Sep. 30, 2020
Income Tax Disclosure [Abstract]  
Net Income from Operations before Provision for Income Taxes

Net income from operations before provision for income taxes is shown below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

September 30,

2020

 

 

 

September 30,

2019

 

U.S.

 

$

30,211

 

 

 

$

401

 

Foreign

 

 

6

 

 

 

 

7

 

 

 

$

30,217

 

 

 

$

408

 

Provision for Income Tax Expense by Jurisdiction and Effective Tax Rate The provision for income tax expense by jurisdiction and the effective tax rate for the three months ended September 30, 2020 and 2019 are shown below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

September 30,

2020

 

 

 

September 30,

2019

 

Federal

 

$

5,849

 

 

 

$

85

 

State and local

 

 

658

 

 

 

 

19

 

Foreign

 

 

4

 

 

 

 

1

 

Income tax expense

 

$

6,511

 

 

 

$

105

 

 

 

 

 

 

 

 

 

 

 

Effective tax rate

 

 

21.5

%

 

 

 

25.7

%