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Income Taxes
9 Months Ended
Sep. 30, 2022
INCOME TAXES  
INCOME TAXES
(13) INCOME TAXES

The Company's effective income tax rate was 31.1% and 33.5% for the three and nine months ended September 30, 2022, respectively, compared to 23.6% and 35.8% for the three and nine months ended September 30, 2021, respectively. The Company's effective income tax rate for the three and nine months ended September 30, 2022 was higher than the applicable statutory income tax rate of 21% aa result of certain foreign earnings being subject to higher local statutory tax rates and the Company's U.S. deferred tax activity on foreign exchange positions.