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

The provision for income taxes consists of the following:

 

 

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Current:

(In thousands)

 

Federal

$

4,566

 

 

$

9,628

 

 

$

23,219

 

 

$

26,100

 

State and local

 

8,176

 

 

 

1,865

 

 

 

15,003

 

 

 

5,215

 

Foreign

 

3,571

 

 

 

3,385

 

 

 

10,759

 

 

 

9,429

 

Total current provision

 

16,313

 

 

 

14,878

 

 

 

48,981

 

 

 

40,744

 

Deferred:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

2,974

 

 

 

(1,231

)

 

 

6,354

 

 

 

195

 

State and local

 

547

 

 

 

(214

)

 

 

1,165

 

 

 

4

 

Foreign

 

355

 

 

 

(97

)

 

 

1,124

 

 

 

(105

)

Total deferred provision

 

3,876

 

 

 

(1,542

)

 

 

8,643

 

 

 

94

 

Provision for income taxes

$

20,189

 

 

$

13,336

 

 

$

57,624

 

 

$

40,838

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective tax rate

 

23.0

%

 

 

19.8

%

 

 

20.3

%

 

 

20.9

%