Income Taxes |
3 Months Ended | ||
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Mar. 31, 2022 | |||
| Income Taxes | |||
| Income Taxes |
The Company’s effective benefit rate was 20.6% and 11.6% for the three months ended March 31, 2022 and 2021, respectively. The effective tax rate for the three months ended March 31, 2022 was higher than the same period in the prior year due to discrete tax expense of $93 in the three months ended March 31, 2022 versus a discrete tax benefit of $274 in the three months ended March 31, 2021 related to excess tax from stock compensation. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The largest item affecting deferred taxes is the difference between book and tax amortization of goodwill and other intangibles amortization. |
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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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