Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

(10) Income Taxes

The Company’s effective income tax rate was 20.4% and 6.4% for the three months ended June 30, 2022 and 2021, respectively. The Company's effective income tax rate was 13.1% and 8.7% for the six months ended June 30, 2022 and 2021, respectively. The Company’s effective income tax rate for the three months ended June 30, 2022 varied from the U.S. statutory rate of 21% primarily due to the impact of state taxes, which was favorably offset by excess tax benefits recognized from share-based compensation. The Company's effective income tax rate for the six months ended June 30, 2022 varied from the U.S. statutory rate of 21% due to the impact of the state taxes, which was favorably offset by excess tax benefits recognized from share-based compensation and benefits from uncertain tax positions.