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Income Taxes

6 Months Ended

Jun. 30, 2021


	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020

	(in thousands, except percentages)						(in thousands, except percentages)
Income before income taxes	$	221,084		$	175,245		$	428,951		$	337,064
Provision for income taxes	24,196			30,452			51,697			53,840
Effective tax rate	10.9		%	17.4		%	12.1		%	16.0		%

The change in effective tax rates in the three and six months ended June 30, 2021, as compared to the same periods in 2020, was primarily due to an increase in tax benefits attributable to stock-based compensation, combined with a favorable change in jurisdictional mix of earnings.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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