XML 37 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Income Taxes
6 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes The Company's effective tax rate before remeasurement for the six months ended June 30, 2020 is based on the Company’s estimated full year effective tax rate, comprised of expected statutory tax provision, offset by foreign rate differential and changes in valuation allowance. The Company’s income tax benefit of $0.2 million and income tax provision of $3.0 million for the three months ended June 30, 2020 and 2019, respectively, included a tax provision of $2.6 million and a tax benefit of $0.3 million, respectively, related to the remeasurement of foreign income tax accounts. The Company’s income tax provision of $2.8 million and $21.8 million for the six months ended June 30, 2020 and 2019, respectively, included a tax benefit of $0.7 million and $0.3 million, respectively, related to the remeasurement of foreign income tax accounts.In response to the COVID-19 pandemic, the United States enacted the CARES Act. The CARES Act contains an income tax provision that provides for the acceleration of refunds of previously generated AMT credits. The Company has requested accelerated refunds of approximately $24 million from the IRS and has adjusted its current and deferred tax asset balances accordingly.