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INCOME TAXES
9 Months Ended
Sep. 30, 2023
INCOME TAXES  
INCOME TAXES
(13) INCOME TAXES


The Company's effective income tax rate was 29.2% and 30.6% for the three and nine months ended September 30, 2023 respectively, compared to 31.1% and 33.5% for the three and nine months ended September 30, 2022, respectively. The Company's effective income tax rate for the three and nine months ended September 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 rateand our U.S. deferred tax activity.