Income Taxes

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

	Three Months Ended March 31,
	2022			2021
	(in thousands, except percentages)
Income before income taxes	$	309,467		$	207,867
Provision for income taxes	37,208			27,501
Effective tax rate	12.0		%	13.2		%

    The effective tax rates above reflect tax expense recorded on pre-tax income in the three months ended March 31, 2022 and March 31, 2021. The change in effective tax rate in the three months ended March 31, 2022, as compared to the same period in 2021, was primarily due to a favorable change in jurisdictional mix in earnings.