Income Taxes

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

Our provision for income taxes as a percentage of pretax earnings is based on a current estimate of the annual effective income tax rate adjusted to reflect the impact of discrete items.

During both the three months ended March 31, 2024 and 2023, our effective tax rate 26.8%. The rates for each of the three months ended March 31, 2024 and 2023 were unfavorably impacted by certain expenses not being deductible for income tax reporting purposes.