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Income Tax
9 Months Ended
Sep. 30, 2021
Income Tax Disclosure [Abstract]  
Income Tax Income Tax
The Company’s effective income tax rate was (0.4%) and 0.3% for the three and nine months ended September 30, 2021, respectively, and 0.2% and (0.2%) for the three and nine months ended September 30, 2020, respectively.
Income tax benefit of $0.1 million and income tax expense of $0.4 million for the three and nine months ended September 30, 2021, respectively, primarily related to the change in valuation allowance against the Company’s deferred tax assets during that period. Income tax benefit of $0.02 million and income tax expense of $0.2 million for the three and nine months ended September 30, 2020, respectively, were primarily attributable to the change in valuation allowance against the Company’s deferred tax assets during the three and nine months ended September 30, 2020.
The Company has had a successful return to profitability in recent quarters and continues to evaluate the realizability of its deferred tax assets and need for a valuation allowance on a quarterly basis. If the Company’s results continue to be profitable in upcoming periods, management may conclude a reduction in the valuation allowance is necessary.
As of September 30, 2021, the Company’s 2017 and 2018 federal tax returns were under audit by the IRS.
As of September 30, 2021, the Company had no material uncertain tax positions.