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INCOME TAXES
 9 Months Ended
Sep. 30, 2023
INCOME TAXES  
INCOME TAXES

NOTE 7—INCOME TAXES

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The Company’s effective tax rate for the three and nine months ended September 30, 2023 was 33.2% and 34.1%, respectively, based on pretax income of $4.8 million and $13.7 million, respectively. The Company’s effective tax rate for the quarter ended September 30, 2023 was impacted by non-deductible expenses and earnings and losses in certain foreign jurisdictions and the impact of the vesting of restricted stock units. The Company’s effective tax rate for the three and nine

months ended September 30, 2022 was 18.0% and 25.4%, respectively. The difference is primarily due to the impact of earnings and losses in certain foreign jurisdictions and the impact of the vesting of restricted stock units.