Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
6 Months Ended
Jun. 30, 2022
Income Taxes  
Income Taxes

9.  INCOME TAXES    

Our effective tax rates were 25.8 percent and 25.4 percent for the three and six months ended June 30, 2022, respectively. The effective tax rates for the three and six months ended June 30, 2021 were 26.1 percent and 24.0 percent, respectively.  The lower 2022 tax rate for the three months ended June 30, 2022, compared to the three months ended June 30, 2021 was due to state tax adjustments and miscellaneous items partially offset by a decrease in the benefit related to share-based compensation.

A tax benefit of $1.6 million related to share-based compensation was recognized in our condensed consolidated statements of operations as a discrete item in income tax expense for the six months ended June 30, 2022.