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INCOME TAXES
9 Months Ended
Sep. 30, 2021
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe Company’s effective tax rate from continuing operations for the nine month period ended September 30, 2021 was 17.4 percent as compared to 18.9 percent for the nine month period ended September 30, 2020. The effective tax rate is lower than the U.S. statutory rate of 21 percent primarily due to foreign earnings taxed at rates below the U.S. statutory rate, the recognition of the U.S. foreign-derived intangible income (FDII) provisions, and certain discrete events including excess tax benefits from share-based compensation partially offset by state taxes. For the third quarter of 2021, the effective tax rate was 18.3 percent as compared to 17.3 percent for the third quarter of 2020.The decrease in the effective tax rate for the nine month period ended September 30, 2021, as compared to the nine month period ended September 30, 2020, was primarily a result of net favorable discrete events of $4.0 million in 2021, including increased excess tax benefits from share-based compensation, compared to net favorable discrete events of $0.7 million in 2020.