Income Taxes

3 Months Ended

Mar. 31, 2022

Income Taxes

11.Income Taxes

For the three months ended March 31, 2022 and 2021, we recorded an income tax provision of $12.0 million and $3.7 million, respectively. The Company’s effective tax rate for the three months ended March 31, 2022 was 20.3% compared to 11.0% for

the corresponding period in 2021. The increase in the effective tax rates was primarily due to higher income before taxes and lower windfall benefits recognized on stock option exercises and the vesting of stock units.