Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Note 6. Income Taxes

The following table summarizes our effective tax rate for the periods presented (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Income before income taxes	$	21,093		$	32,665		$	50,059		$	53,647
Provision for (benefit from) income taxes		4,820			1,127			11,218			(143	)
Effective tax rate		22.9	%		3.5	%		22.4	%		(0.3	%)

The increase in the effective tax rate for the three and six months ended June 30, 2022, as compared to the same periods in 2021, was primarily due to a decrease in excess tax benefits related to the exercise of non-qualified stock options.