Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2024 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 8. Income Taxes The effective tax rate for the three months ended March 31, 2024 and 2023 differs from the United States federal statutory rate primarily as a result of state and local income taxes, excess tax benefits on share-based compensation and certain non-deductible expenses. For the three months ended March 31, 2024 and 2023, the provision for income taxes was $16.2 million and $12.6 million, or 22.5% and 20.4%, of pre-tax income respectively. The effective tax rate for the three months ended March 31, 2024 was higher than the effective tax rate for the same period in 2023 due primarily to changes in the levels of excess tax benefits on share-based compensation and non-deductible expenses. No valuation allowance was recorded for deferred tax assets in the period ended March 31, 2024 and 2023. |