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Income Taxes (Tables)
6 Months Ended
Jun. 30, 2021
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,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Current:

(In thousands)

 

Federal

$

5,852

 

 

$

10,887

 

 

$

18,375

 

 

$

18,653

 

State and local

 

6,283

 

 

 

3,917

 

 

 

9,694

 

 

 

6,827

 

Foreign

 

5,621

 

 

 

3,741

 

 

 

10,440

 

 

 

7,188

 

Total current provision

 

17,756

 

 

 

18,545

 

 

 

38,509

 

 

 

32,668

 

Deferred:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

1,275

 

 

 

1,475

 

 

 

1,877

 

 

 

3,380

 

State and local

 

302

 

 

 

266

 

 

 

403

 

 

 

618

 

Foreign

 

(568

)

 

 

263

 

 

 

(680

)

 

 

769

 

Total deferred provision

 

1,009

 

 

 

2,004

 

 

 

1,600

 

 

 

4,767

 

Provision for income taxes

$

18,765

 

 

$

20,549

 

 

$

40,109

 

 

$

37,435

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective tax rate

 

21.8

%

 

 

19.7

%

 

 

21.4

%

 

 

19.1

%