Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2022 | |
| Income Taxes | |
| Income Taxes | 8. Income Taxes The Company calculates its tax provision in interim periods using its best estimate of the effective tax rate expected for the full year. For both the three months ended September 30, 2022 and 2021, the Company’s tax rate was lower than the statutory rate of 21% due primarily to the tax impact of the permanent component of employee stock option exercises. For the nine months ended September 30, 2022, the Company’s tax rate was higher than the statutory rate due primarily to non-deductible executive compensation expense. For the nine months ended September 30, 2021, the Company’s tax rate was lower than the statutory rate due primarily to the tax impact of the permanent component of employee stock option exercises. |