Income Tax Expense

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Tax Expense

NOTE 11. INCOME TAX EXPENSE

	Three Months Ended
	March 31,
	2022			2021
Earnings from continuing operations before income taxes	$	59.4		$	49.7
Income tax expense		15.0			12.2
Effective tax rate		25.3	%		24.6	%

The effective tax rate for the first quarter of 2022 was higher compared to the same period in 2021 due primarily to a reduced benefit from share-based compensation.

It is reasonably possible that the amount of unrecognized tax benefits could significantly increase or decrease within the next twelve months. However, an estimate of the range of reasonably possible outcomes cannot be reliably made at this time. Changes to unrecognized tax benefits could result from the completion of ongoing examinations, the expiration of statutes of limitations or other unforeseen circumstances.