Income Taxes

9 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

During the nine months ended September 30, 2020 and 2021, the Company recorded income tax expense of $30.1 million and $13.7 million, reflecting an effective tax rate of 27.3% and 29.1%, respectively.

The Company had $0.3 million of unrecognized tax benefits as of December 31, 2020 and September 30, 2021. Interest and penalties, including those related to uncertain tax positions, are included in the provision for income taxes in the unaudited condensed consolidated statements of income.

The Company paid $32.4 million and $21.8 million in income taxes during the nine months ended September 30, 2020 and 2021, respectively.

The tax years since 2017 remain open for Federal tax examination and the tax years since 2016 remain open to examination by state and local taxing jurisdictions in which the Company is subject to taxation.