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Income Taxes
 9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table summarizes the Company's effective tax rate:
 Three Months Ended September 30,Nine months ended September 30,
 2023202220232022
Effective Income Tax Rate 14.0 %8.0 %9.7 %7.4 %
The Company has computed the provision for income taxes based on the estimated annual effective tax rate and the application of discrete items, if any, in the applicable period. The increase in the effective tax rate for the three and nine months ended September 30, 2023 compared to the same period in 2022 was primarily due to a decrease in the portion of the Company's income generated in lower tax rate jurisdictions as a result of transaction costs incurred in connection with the Merger.