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Income tax provision | 3 Months Ended
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Mar. 31, 2023
Income Tax Disclosure [Abstract] |
Income tax provision | The effective tax rate on pretax income reconciles to the U.S. federal statutory tax rate as follows:
|  | Quarter Ended March 31, 2023 |  | Year Ended December 31, 2022
Income tax at federal statutory rate |  | 21.0 | % |  | 21.0 | %
Change in valuation allowance |  | 149.5 | % |  | 7.2 | %
Tax impact of share-based compensation |  | 22.3 | % |  | 3.2 | %
Acquisition-related items |  | 9.0 | % |  | 0.1 | %
Payables and receivables for prior year tax returns |  | 4.0 | % |  | (0.3 | %)
Tax on repatriation of foreign earnings |  | 2.7 | % |  | 2.2 | %
Foreign tax rate differences |  | 2.5 | % |  | 1.9 | %
Non-deductible executive compensation |  | 2.2 | % |  | 2.2 | %
State income tax expense, net of federal income tax benefit |  | 1.1 | % |  | 2.7 | %
Sale of business/basis difference in assets held for sale |  | (149.5 | %) |  | (15.8 | %)
Change in unrecognized tax benefits, including interest and penalties |  | (5.8 | %) |  | 0.2 | %
Return to provision adjustments |  | — |  |  | (1.9 | %)
Research and development tax credit |  | (1.6 | %) |  | (1.2 | %)
Other |  | 0.1 | % |  | 0.8 | %
Effective tax rate |  | 57.5 | % |  | 22.3 | %
As of March 31, 2023, we classified the assets and liabilities of our North American web hosting and logo design businesses as held for sale in the consolidated balance sheet. As such, we recognized a deferred tax asset for the difference between the book and tax basis of our investment in these businesses, and we recorded a full valuation allowance against the deferred tax asset, as we do not expect to realize the related tax benefit. During the year ended December 31, 2022, we recognized a capital loss for tax purposes related to the sale of our Australian web hosting business, and we recorded a valuation allowance for the portion of the capital loss carryover we did not expect to realize.

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI https://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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