XML 25 R17.htm IDEA: XBRL DOCUMENT v3.22.2
Income Taxes
6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
A reconciliation of the U.S. federal statutory income tax rate to our effective income tax rate is as follows:
 For the Three Months Ended 
June 30,
For the Six Months Ended 
June 30,
 2022202120222021
U.S. federal statutory income tax rate21.0 %21.0 %21.0 %21.0 %
State income taxes3.0 %3.0 %3.0 %2.9 %
Excess tax benefits from stock-based compensation-0.1 %— %-0.1 %-0.2 %
Other0.5 %— %0.7 %0.1 %
Effective income tax rate24.4 %24.0 %24.6 %23.8 %

Other

Other items impacting our effective income tax rate primarily consist of non-deductible executive compensation expenses. The impact of other items on our effective income tax rate for the three and six months ended June 30, 2022 increased from the same periods in 2021 primarily due to an increase in non-deductible executive compensation, which was primarily the result of stock options granted under our Amended and Restated Incentive Compensation Plan (the “Incentive Plan”). For additional information, see Note 14.