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Income taxes
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Income taxes Income taxes
The Company determines its tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if its estimated tax rate changes, the Company makes a cumulative adjustment.

The following table summarizes activities related to the Company’s unrecognized tax benefits for uncertain tax positions for the three months ended March 31, 2023:     
Three months ended March 31, 2023
Opening balance at January 1$25,430 
Increase related to prior year tax positions, including recorded in acquisition accounting187 
Decrease related to prior year tax positions due to lapse of applicable statute of limitation(65)
Decrease related to settlements with taxing authorities(170)
Effect of exchange rate changes86 
Closing balance at March 31$25,468 
 
As of December 31, 2022 and March 31, 2023, the Company had unrecognized tax benefits amounting to $25,430 and $25,468, respectively, which, if recognized, would impact the Company’s effective tax rate.

As of December 31, 2022 and March 31, 2023, the Company had accrued $2,871 and $2,995, respectively, in interest and $374 and $376, respectively, for penalties relating to unrecognized tax benefits.
 
23. Income taxes (Continued)During the year ended December 31, 2022 and the three months ended March 31, 2023, the Company recognized approximately $(2,583) and $34, respectively, in interest related to income taxes.