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Income Taxes
 9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes
12.
Income Taxes (As Restated)

For the three and nine months ended September 30, 2024, the Company recorded an income tax benefit of $(0.5) million and an income tax expense of $3.2 million, respectively. The Company’s effective tax rate for the three and nine months ended September 30, 2024 was 43.0% and 27.8%, respectively, compared to (48.7%) and 5.1% for the corresponding periods in the prior year.

In 2021, the Organization of Economic Co-operation and Development announced an Inclusive Framework on Base Erosion and Profit Sharing with the goal of achieving consensus around substantial changes to international tax policies, including the implementation of a minimum global effective tax rate of 15%. The Company continues to evaluate the impacts of enacted legislation and pending legislation in the tax jurisdictions in which the Company operates. While various countries have implemented the legislature as of January 1, 2024, the Company does not expect a resulting material impact to its income tax provision for the 2024 fiscal year.