XML 25 R15.htm IDEA: XBRL DOCUMENT v3.23.1
INCOME TAXES
3 Months Ended
Mar. 31, 2023
INCOME TAXES  
INCOME TAXES

NOTE 7—INCOME TAXES

The Company’s effective tax rate for the three months ended March 31, 2023 and 2022 was 32.9% and 31.9% respectively, based on pretax income of $5.2 million and $7.2 million, respectively. The Company’s effective tax rate for the quarter ended March 31, 2023 was impacted by the non-deductible expenses and earnings and losses in certain foreign jurisdictions and the impact of vesting of restricted stock units.