Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2024 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | INCOME TAXES Income tax expense was $4.8 million and $3.6 million for the three months ended March 31, 2024 and 2023, respectively. The increase in income tax expense for the three months ended March 31, 2024 is due to increase in domestic tax expense driven by higher U.S. income offset by a decline in foreign tax expenses. A valuation allowance must be established for deferred tax assets when it is more likely than not that they will not be realized. As of March 31, 2024, the Company analyzed all available objective evidence, both positive and negative, and believes it is more-likely-than-not that some deferred tax assets will not be realizable. Accordingly, the Company has provided a valuation allowance against its U.S. and certain foreign deferred tax assets.
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