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Income Taxes
3 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
Income Taxes

12. Income Taxes

 

The effective income tax rates for the three months ended March 31, 2022 and 2021 were 22.3% and 20.5%, respectively.

 

The difference between the Company’s Q1 2022 effective income tax rate and the U.S. statutory rate of 21.0% primarily relates to state income taxes (net of federal income tax benefit), foreign income taxed at higher rates, partially offset by a favorable benefit related to share-based compensation.