Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
 3 Months Ended
Mar. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense during interim periods is based on our estimated annual effective income tax rate plus any discrete items that are recorded in the period in which they occur. Our tax rate is affected by discrete items that may occur in any given year but may not be consistent from year to year.
Our effective tax rate for continuing operations was 19.3% and 24.8% for the three months ended March 31, 2024 and 2023, respectively. The effective tax rate was lower for the three months ended March 31, 2024 compared to the same period of prior year primarily due to excess stock compensation deduction recognized for tax purposes in connection with current year stock vesting.