Income Taxes

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The provision for income taxes included U.S. federal, state, local and foreign taxes. A reconciliation of the Company’s statutory federal income tax rate and the effective income tax rate is summarized in the following table:

	Three Months Ended March 31,
	2023		2022
U.S. statutory tax rate	21.0	%	21.0	%
State and local income taxes, net of federal benefit	3.1		3.5
Non-deductible executive compensation	3.0		5.2
Unrecognized tax benefit adjustments	0.2		—
Excess tax benefits related to the vesting and delivery of restricted stock units	(4.6)		(11.5)
Other	(0.2)		(0.1)
Effective income tax rate	22.5	%	18.1	%