Income Taxes

6 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Our income before income tax provision, income tax provision and effective tax rates were as follows:

	Three Months Ended						Six Months Ended
(in thousands, except percentages)	June 30, 2020			June 30, 2019			June 30, 2020			June 30, 2019
Income before income tax provision	$	112,585		$	129,941		$	145,909		$	228,607
Income tax provision	16,021			20,191			3,281			32,627
Effective tax rate	14.2		%	15.5		%	2.2		%	14.3		%

Tax expense for the first half of 2020 benefited due to increased stock compensation benefits, many of which were recognized discretely in the first quarter.