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 reconciles the difference between the statutory federal income tax rate and the Company's effective income tax rate for the three months ended March 31, 2020:
Statutory rate 21.0  %
Income subject to tonnage tax 12.1  %
U.S. federal income tax statutory changes 161.7  %
Non-deductible expenses (1.9) %
Foreign earnings not subject to U.S. income tax (13.7) %
Foreign taxes not creditable against U.S. income tax 5.8  %
Subpart F income (2.7) %
State taxes (0.7) %
Share award plans (2.1) %
179.5  %