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Income Taxes
6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes

12. Income Taxes

 

The effective income tax rates for six and three months ended June 30 were 23.4% and 24.3% for 2022 and 20.8% and 21.0% for 2021, respectively.

 

The difference between the Company’s effective tax rate for the six months ended June 30, 2022 and the U.S. statutory rate of 21.0% primarily relates to state income taxes (net of federal income tax benefit), tax benefit for stock compensation, changes in valuation allowances, and foreign tax expense.