XML 31 R21.htm IDEA: XBRL DOCUMENT v3.23.1
Income Taxes
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes

13. Income Taxes

The Company’s income before income taxes include income from both U.S. and foreign jurisdictions. The annual effective tax rate varies from the U.S. federal statutory rate of 21% due to results of foreign operations that are subject to income taxes at different statutory rates. In addition, tax expense is impacted by losses in both the U.S. and foreign jurisdictions where no tax benefit can be realized.

For the three months ended March 31, 2023 and 2022, the Company recorded a provision for income taxes of $4.2 million and $6.5 million, respectively. The decrease in the Company’s provision for income taxes for the three months ended March 31, 2023 compared to the prior year is due to a change in the jurisdictional mix of income which reflects a reduction of losses in jurisdictions where no tax benefit can be realized.

The Company’s unrecognized tax benefits, excluding interest and penalties, was unchanged at $9.1 million as of March 31, 2023 and December 31, 2022.