Income Taxes |
6 Months Ended |
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Jun. 30, 2021 | |
| Income Taxes | |
| Income Taxes |
9. INCOME TAXES Our effective tax rates were 26.1 percent and 24.0 percent for the three and six months ended June 30, 2021, respectively. The effective tax rates for the three and six months ended June 30, 2020, were 23.2 percent and 20.5 percent, respectively. The higher 2021 tax rate for the three months ended June 30, 2021 compared to the three months ended June 30, 2020 was due to permanent items including share-based compensation and state tax adjustments. A tax benefit of $0.2 million and $3.3 million related to share-based compensation was recognized in our condensed consolidated statements of operations as a discrete item in income tax expense for the three and six months ended June 30, 2021, respectively. |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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