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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes

The provision for income taxes consists of the following:

 

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Current:

(In thousands)

 

Federal

$

10,887

 

 

$

9,948

 

 

$

18,653

 

 

$

16,472

 

State and local

 

3,917

 

 

 

1,957

 

 

 

6,827

 

 

 

3,350

 

Foreign

 

3,741

 

 

 

3,273

 

 

 

7,188

 

 

 

6,044

 

Total current provision

 

18,545

 

 

 

15,178

 

 

 

32,668

 

 

 

25,866

 

Deferred:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

1,475

 

 

 

(176

)

 

 

3,380

 

 

 

1,426

 

State and local

 

266

 

 

 

(31

)

 

 

618

 

 

 

218

 

Foreign

 

263

 

 

 

(167

)

 

 

769

 

 

 

(8

)

Total deferred provision

 

2,004

 

 

 

(374

)

 

 

4,767

 

 

 

1,636

 

Provision for income taxes

$

20,549

 

 

$

14,804

 

 

$

37,435

 

 

$

27,502

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective tax rate

 

19.7

%

 

 

23.5

%

 

 

19.1

%

 

 

21.5

%