Income Taxes (Tables)

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income rate to our effective income tax rate for each period presented is as follows:    

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Federal statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	4.2		3.8		4.1		4.6
Redeemable noncontrolling interests	7.6		—		1.9		—
Tax credits	(6.9)		(3.8)		(4.3)		(2.4)
Restricted share vesting	(1.0)		(1.3)		(3.1)		(1.8)
Effect of deferred revaluation related to lower blended state tax rate	—		(3.8)		—		(1.3)
Effect of Optimal Blue acquisition and related transactions	9.5		—		2.3		—
Non-deductible executive compensation	1.5		—		1.0		—
Other	0.3		0.1		0.2		0.4
Effective tax rate	36.2	%	16.0	%	23.1	%	20.5	%