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Income Tax Expense (Tables)
6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)

The following table summarizes the Company’s income tax expense and effective tax rates for the three and six months ended June 30, 2022 and 2021:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2022

 

2021

 

 

2022

 

2021

 

 

(in thousands)

 

 

(in thousands)

Income before Income Taxes

$

63,071

$

53,301

 

$

123,888

$

95,612

Income Tax Expense

 

38,340

 

30,027

 

 

69,471

 

60,883

Effective Tax Rate

 

60.8%

 

56.3%

 

 

56.1%

 

63.7%