XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.23.2

Income Taxes (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The following table presents components of income tax expense for the three and six months ended June 30, 2023 and 2022:
| Three months ended June 30, | Six months ended June 30,
(in thousands, except percentages) | 2023 | 2022 | 2023 | 2022
Income tax based on income from operations (1) | $ | 13,909 |  | $ | 15,165 |  | $ | 24,967 |  | $ | 26,107 |
Provision for change in estimated tax rate | 124 |  | 66 |  | 124 |  | 66 |
Income tax before discrete items | 14,033 |  | 15,231 |  | 25,091 |  | 26,173 |
Discrete tax expense: |  |  |  |
Exercise of U.S. stock options | — |  | — |  | — |  | (9) |
Impact of amended tax returns | — |  | (17) |  | — |  | (98) |
True-up of prior year estimated taxes | 1,941 |  | (612) |  | 1,396 |  | (508) |
Enacted tax legislation and rate change | — |  | — |  | 313 |  | — |
Provision for/resolution of tax audits and contingencies, net | 750 |  | (146) |  | 778 |  | (140) |
Impact of long range tax planning | — |  | — |  | (443) |  | — |
Withholding tax related to internal restructuring | 3,026 |  | — |  | 3,026 |  | — |
Other | 330 |  | 2 |  | 540 |  | 38 |
Total income tax expense/(benefit) | $ | 20,080 |  | $ | 14,458 |  | $ | 30,701 |  | $ | 25,456 |
(1) Income tax is calculated at estimated annualized effective tax rate of 29.7% and 28.2% for the three and six months ended June 30, 2023 and 2022, respectively.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration