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INCOME TAXES
6 Months Ended
Jun. 30, 2023
INCOME TAXES  
INCOME TAXES
(13) INCOME TAXES


The Company's effective income tax rate was 27.3% and 31.9% for the three and six months ended June 30, 2023 respectively, compared to 26.7% and 36.7% for the three and six months ended June 30, 2022, respectively. The Company's effective income tax rate for the three and six months ended June 30, 2023 was higher than the applicable statutory income tax rate of 21% mainly as a result of our U.S. deferred tax activity and certain foreign earnings being subject to higher local statutory tax rates.