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Income Taxes
6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXESFor the three months ended June 30, 2022, the Company recognized income tax expense of $11.1 million, resulting in an effective tax rate of 24.9%. For the three months ended June 30, 2021, the Company recognized income tax expense of $8.0 million, resulting in an effective tax rate of 21.2%. The Company’s income tax expense and effective tax rate in the current-year quarter were higher primarily due to increased pre-tax income and a $1.5 million reduction in excess tax benefits associated with stock-based compensation activity compared to the prior-year quarter. For the six months ended June 30, 2022, the Company recognized income tax expense of $18.2 million, resulting in an effective tax rate of 25.2%. For the six months ended June 30, 2021, the Company recognized income tax expense of $13.0 million, resulting in an effective tax rate of 20.0%. The Company’s income tax expense and effective tax rate in the current-year period were higher primarily due to increased pre-tax income and a $3.4 million reduction in excess tax benefits associated with stock-based compensation activity compared to the prior-year period.