Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Notes)

Income Taxes (Notes)
6 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
For the three months ended June 30, 2019, the Company reported an Income tax benefit in the Condensed Consolidated Statements of Operations of $3.1 million, or a negative 15.3% effective income tax rate, compared to a $2.1 million income tax expense, or a 16.6% effective income tax rate, for the three months ended June 30, 2018. For the six months ended June 30, 2019 and 2018, the effective income tax rates were 13.0% and 19.9%, respectively. The effective income tax rates for the three and six months ended June 30, 2019 were impacted by discrete items, primarily the passage of a Swiss tax reform package in May 2019 which resulted in a $6.6 million tax benefit related to the revaluation of the Company’s Swiss deferred tax assets at a higher rate.