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Income Taxes
3 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesIn determining the quarterly provision for income taxes we use an estimated annual effective tax rate which is based on expected annual income, statutory tax rates, and available tax planning opportunities in the various jurisdictions in which we operate. Unusual or infrequently occurring items are separately recognized in the quarter in which they occur. Our effective tax rate for the three months ended September 30, 2022 was 17.0%, which was lower than the combined federal and state statutory tax rate primarily due to a sale of Mexican subsidiary stock and an earn-out valuation adjustment. Our effective tax rate for the three months ended September 30, 2021 was 33.2%, which was higher than the combined federal and state statutory tax rate primarily due to an earn-out valuation adjustment.