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Income Taxes
3 Months Ended
Mar. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table presents the benefit from income taxes for the respective periods:
Three Months Ended March 31,
(dollars in thousands)20242023
Benefit from income taxes$(9,526)$(9,469)
Effective tax rate24.4 %26.9 %
Our effective tax rate for the three months ended March 31, 2024 is lower than the prior year primarily due to an increased year-over-year benefit of permanent tax adjustments.