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Income Taxes
3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXESFor the three months ended March 31, 2023, the Company recognized income tax expense of $7.3 million, resulting in an effective tax rate of 21.0%. For the three months ended March 31, 2022, the Company recognized income tax expense of $7.1 million, resulting in an effective tax rate of 25.7%. The Company’s effective tax rate in the current-year quarter was lower than the prior-year quarter, primarily due to a $0.9 million increase in excess tax benefits associated with stock-based compensation activity and a $0.5 million benefit associated with changes in tax reserves. During the three months ended March 31, 2023, the Company filed amended U.S. federal income tax returns for the 2015 through 2018 tax years to claim a worthless stock deduction. The aggregate refund claim associated with the worthless stock deduction was $13.2 million, including interest of $1.4 million, and the Company recognized an offsetting increase to its liability for unrecognized tax benefits.