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Income Taxes
9 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesIn determining the quarterly provision for income taxes, management uses an estimated annual effective tax rate based on forecasted annual pre-tax income, permanent tax differences, statutory tax rates and tax planning opportunities in the various jurisdictions in which the Company operates. The effect of significant discrete items is separately recognized in the quarter(s) in which they occur. For the three month periods ended September 30, 2022 and 2021, the Company’s consolidated effective tax rates were 18.4% and 19.7%, respectively, and for the nine month periods ended September 30, 2022 and 2021, were a benefit of 0.2% and an expense of 24.8%, respectively. The Company’s effective tax rate for the nine month period ended September 30, 2022 included a benefit related to adjustments resulting from finalization of the Company’s 2021 tax returns, a tax benefit related to the vesting of share-based payment awards, and a benefit from the true-up of certain prior year non-deductible expenses. For the nine month period ended September 30, 2021, the Company’s effective tax rate included a benefit related to adjustments resulting from finalization of the Company’s 2020 tax returns, offset, in part, by the tax effect of certain non-deductible share-based compensation.