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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes

The provision for income taxes consists of the following:

 

 

 

 

 

 

Three Months Ended March 31,

 

 

2021

 

 

2020

 

Current:

(In thousands)

 

Federal

$

12,523

 

 

$

7,766

 

State and local

 

3,411

 

 

 

2,910

 

Foreign

 

4,819

 

 

 

3,447

 

Total current provision

 

20,753

 

 

 

14,123

 

Deferred:

 

 

 

 

 

 

 

Federal

 

602

 

 

 

1,905

 

State and local

 

101

 

 

 

352

 

Foreign

 

(112

)

 

 

506

 

Total deferred provision

 

591

 

 

 

2,763

 

Provision for income taxes

$

21,344

 

 

$

16,886

 

 

 

 

 

 

 

 

 

Effective tax rate

 

21.0

%

 

 

18.4

%