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Income Taxes
9 Months Ended
Sep. 30, 2020
Income Taxes [Abstract]  
Income Taxes
5. Income Taxes

The effective tax rate (“ETR”) for the three months ended September 30, 2020 and 2019 was 27.4% and 27.1%, respectively. The effective tax rate for the nine months ended September 30, 2020 and 2019 was 30.6% and 25.8%, respectively. The ETR for the first nine months of 2020 was higher by 4.8%, primarily as a result of higher non-deductibility of certain expenses as a result of the 2017 Tax Cuts and Jobs Act.