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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2024
Income Taxes  
Schedule of effective income tax rate reconciliation

September 30, 

2024

    

2023

Tax at federal statutory rate

21.0

%

21.0

%

State taxes, net

5.6

5.3

Valuation allowance

(1.1)

Permanent items (1)

2.1

6.0

Other (2)

(4.7)

(0.7)

Effective income tax rate

24.0

%

30.5

%

(1)Includes the deductibility limitations on excess compensation.
(2)The 2024 amount primarily relates to increased deductibility of stock compensation realized upon certain stock option exercises and restricted stock unit vesting.