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Income Taxes
 3 Months Ended
Mar. 31, 2024
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

Note 7 — Income Taxes

 

The Company’s income tax benefit of $6.7 million for the three months ended March 31, 2024, reflects an effective tax (benefit) rate of 32.1%. The Company’s income tax benefit of $1.4 million for the three months ended March 31, 2023, reflects an effective tax (benefit) rate of 20.6%. The tax benefit for the three months ended March 31, 2024 and 2023 primarily relates to discrete items and the tax benefit related to the overall worldwide loss (i.e. federal, state, and foreign).