INCOME TAXES

9 Months Ended

Sep. 30, 2019



14.	INCOME TAXES

The effective tax rate in the third quarter of 2019 and 2018 was 26.0% and 25.3%, respectively, and the effective tax rate for the comparable nine month periods was 24.6% and 23.6%, respectively. The effective tax rate for the periods presented includes the impact of the recognition of excess tax benefits on share-based compensation that was recorded as a reduction to income tax expense upon realization in the amount of $0.9 million and $2.2 million for the nine months ended September 29, 2019 and September 30, 2018, respectively, with no corresponding amounts in the corresponding quarterly periods.

The Company made income tax payments of $7.4 million and $5.6 million in the third quarter of 2019 and 2018, respectively, and $30.0 million and $21.0 million in the first nine months of 2019 and 2018, respectively.