Income Taxes (Tables)

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Summary of Provision for Income Taxes and U.S. Federal Tax Rate

The provision for income taxes differs from amounts computed by applying the U.S. federal tax rate of 21% for 2022 and 2021 to income before income taxes for the three months ended September 30, 2022 and 2021 due to the following (in thousands):

	2022				2021
Computed expected tax expense	$	71,379	21.0	%	$	64,706	21.0	%
Changes resulting from:
Foreign income tax differential	(717)		(0.2)	%	(2,692)		(0.9)	%
Excess tax benefit related to stock-based compensation	(12)		—	%	(5,044)		(1.6)	%
State taxes net of federal benefits	5,588		1.6	%	4,927		1.6	%
Foreign withholding	3,653		1.1	%	3,304		1.1	%
GILTI, net of foreign tax credits	1,196		0.4	%	1,907		0.6	%
Foreign sourced non taxable income	88		—	%	81		—	%
Stock-based compensation	1,614		0.5	%	1,043		0.3	%
Sub-part F Income	3,382		1.0	%	2,139		0.7	%
Other	4,842		1.4	%	3,746		1.3	%
Provision for income taxes	$	91,013	26.8	%	$	74,115	24.1	%