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Income Taxes
3 Months Ended
Mar. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes
(12) Income Taxes

We maintain the exception under ASC 740-270-30-36(b), “Accounting for Income Taxes,” for jurisdictions that do not have reliable estimates of ordinary income. Accordingly, we have used a year-to-date methodology in determining the effective tax rate for the three months ended March 31, 2024 and 2023.
For the three months ended March 31, 2024, the Company’s effective tax rate was (9.5)%. For the three months ended March 31, 2023, the Company’s effective tax rate was 0.0%. The differences between the U.S. statutory tax rate and the effective tax rates for the three months ended March 31, 2024 and 2023 are primarily driven by the recognition of a full deferred tax asset valuation allowance in various jurisdictions.