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Income Taxes
 9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense increased $1.9 million to $13.2 million for the three months ended September 30, 2024 compared to $11.3 million for the three months ended September 30, 2023. The Company’s effective tax rate ("ETR") was 19.3% for the three months ended September 30, 2024 compared to 16.5% for the three months ended September 30, 2023. Income tax expense increased $5.1 million to $57.8 million for the nine months ended September 30, 2024 compared to $52.7 million for the nine months ended September 30, 2023. The Company’s ETR was 21.6% for the nine months ended September 30, 2024 compared to 19.0% for the nine months ended September 30, 2023.
The ETR for the three and nine months ended September 30, 2024 differed from the U.S. statutory tax rate primarily due to the impact of the U.S. deduction for foreign derived intangible income and federal and state tax credits, as well as the U.S. taxation of foreign income and the Company's geographic mix of income. The ETR for the three and nine months ended September 30, 2023 differed from the U.S. statutory tax rate primarily due to the impact of the U.S. deduction for foreign derived intangible income and federal and state tax credits, partially offset by the U.S. taxation of foreign income and the Company's geographic mix of income.