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Income Tax
 3 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
Income Tax Income Tax
The Company’s effective income tax rates were (105.1)% and (2.9)% for the three months ended March 31, 2022 and 2021, respectively. Income tax benefit of $18.5 million and $0.3 million for the three months ended March 31, 2022 and 2021, respectively, primarily related to the change in valuation allowance against the Company’s deferred tax assets during the periods.
The Company performs a continuing evaluation of its deferred tax asset valuation allowance on a quarterly basis. The Company has concluded that, as of March 31, 2022, it is more likely than not that the Company will generate sufficient taxable income within the applicable net operating loss carry-forward periods to realize a portion of its deferred tax assets. This conclusion, and the resulting partial reversal of the deferred tax asset valuation allowance, is based upon consideration of several factors, including the Company’s three-year cumulative pre-tax book income position and its forecast of future profitability.
As of March 31, 2022, the Company’s 2017 and 2018 federal tax returns were under audit by the IRS.
As of March 31, 2022 and December 31, 2021, the Company had no material uncertain tax positions.