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Income Taxes
6 Months Ended
Jun. 30, 2021
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes The Company’s effective tax rate (“ETR”) was 25.0% and 24.7% for the three and six months ended June 30, 2021 and 64.9% and 46.6% for the three and six months ended June 30, 2020. The ETR differs from the 21.0% U.S. Federal statutory rate primarily due to tax permanent differences and discrete items recorded in each of the respective periods. As of June 30, 2021 and December 31, 2020, the amount of unrecognized tax benefits was $23.5 million and $23.7 million excluding interest and penalties, respectively, of which up to $23.5 million and $23.7 million, respectively, would affect the Company's effective tax rate if realized. As of June 30, 2021 and December 31, 2020, the Company had $9.2 million and $8.4 million, respectively, recorded for interest in the condensed consolidated balance sheets. The Company engages in continuous discussions and negotiations with tax authorities regarding tax matters in various jurisdictions. The Company expects to complete resolution of certain tax years with various tax authorities within the next 12 months. The Company believes it is reasonably possible that its existing gross unrecognized tax benefits may be reduced by up to $21.6 million within the next 12 months, affecting the Company’s effective tax rate if realized.