Income Taxes

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes (in thousands, except percentages)

	Three Months Ended March 31,
	2023			2022
Income before income taxes	$	496,724		$	309,467
Provision for income taxes	60,251			37,208
Effective tax rate	12.1		%	12.0		%

    Our provision for income taxes increased in the three months ended March 31, 2023, as compared to the same period in 2022, due to a corresponding increase in income before taxes, while our effective tax rate remained relatively stable over those same periods.