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INCOME TAXES
9 Months Ended
Sep. 30, 2022
INCOME TAXES  
INCOME TAXES

NOTE 7—INCOME TAXES

The Company’s effective tax rate for the three and nine months ended September 30, 2022 was 18.0% and 25.4% based on pretax income of $6.8 million and $20.7 million, respectively.  The Company’s effective tax rate for the quarter ended September 30, 2022 was impacted by the earnings and losses in certain foreign jurisdictions and the impact of vesting of restricted stock units.  The Company’s effective tax rate for the three and nine months ended September 30, 2021 was 34.9% and 27.7%.  The difference was primarily due to the impact of earnings and losses in certain foreign jurisdictions and the impact of vesting of restricted stock units.