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Income Taxes

9 Months Ended

Sep. 30, 2020

Our income before income tax provision, income tax provision and effective tax rates were as follows:


	Three Months Ended						Nine Months Ended
(in thousands, except percentages)	September 30, 2020			September 30, 2019			September 30, 2020			September 30, 2019
Income before income tax provision	$	90,144		$	108,829		$	236,053		$	337,436
Income tax provision	14,517			19,366			17,798			51,993
Effective tax rate	16.1		%	17.8		%	7.5		%	15.4		%

Tax expense during the nine months ended September 30, 2020 benefited from increased stock compensation benefits, many of which were recognized discretely in the first quarter.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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