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Income Taxes
6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes

20. Income Taxes —Income tax expense was $2,725 and $2,445 for the three-month period ended June 30, 2022, and 2021, respectively. The effective tax rate for the quarter was 28.5% and 31.9% for the three-month period ended June 30, 2022 and 2021, respectively.  Income tax expense was $7,224 and $3,807 for the six months ended June 30, 2022, and 2021, respectively. The effective tax rate for the six-month period ended June 30, 2022 and 2021, was 30.1% and 31.4%, respectively. For the three- and six-month periods ended June 30, 2022, the rate decreased compared to the same periods of 2021 reflecting the mix of income in different jurisdictions and an increase in tax benefit from the vesting of certain stock grants. For tax years beginning after December 31, 2021, the Tax Cuts and Jobs Act (“TCJA”) of 2017 amends Internal Revenue Code Section 174 Costs wherein research and development expenditures will no longer be deducted in the tax year that such costs are incurred but must now be capitalized and amortized over either a five- or fifteen-year period, depending on the location of the activities performed. The effective tax rate is based on the projected income for the full year and is subject to ongoing review and adjustment by management.