XML 23 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Income Tax
3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Income Tax Income Tax
The Company’s effective income tax rate was (2.9)% and (0.2)% for the three months ended March 31, 2021 and 2020, respectively.
Income tax benefit of $0.3 million for the three months ended March 31, 2021 was primarily due to the change in valuation allowance against the Company’s deferred tax assets during the first three months of 2021. Income tax expense of $0.1 million for the three months ended March 31, 2020 was primarily due to the change in valuation allowance against the Company’s deferred tax assets during the first three months of 2020.
Deferred tax assets are evaluated by considering historical levels of income, estimates of future taxable income, and the impact of tax planning strategies. The Company continues to evaluate its deferred tax asset valuation allowance on a quarterly basis.
As of March 31, 2021, the Company’s 2017 and 2018 federal tax returns were under audit by the IRS.
As of March 31, 2021, the Company had no material uncertain tax positions.