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INCOME TAXES

3 Months Ended

Mar. 31, 2021

NOTE 12. INCOME TAXES

Effective income tax rate


	Three Months Ended March 31,
(Dollars in thousands)		2021			2020
(Benefit from) income taxes		$	(17,618)		$	(23,810)
Effective income tax benefit rate		73		%	48		%

The increase in the Company’s effective income tax benefit rate was primarily due to excess tax benefits from stock-based compensation and fair value adjustments for the capped call transactions, which were proportionally larger on a lower loss before income taxes.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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