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Income Taxes
 9 Months Ended
Sep. 30, 2021
Income Tax Disclosure [Abstract]  
Income Taxes

20. Income Taxes —Income tax expense was $1,517 and $492 for the three months ended September 30, 2021 and 2020, respectively. The effective tax rate was 20.7% and 14.2% for the three months ended September 30, 2021 and 2020, respectively. Income tax expense was $5,324 and $1,852 for the nine months ended September 30, 2021 and 2020, respectively. The effective tax rate for the nine months ended September 30, 2021 and 2020 was 27.4% and 20.0%, respectively. The rate has increased compared to prior years reflecting mix of income in different jurisdictions. Furthermore, the effective rate for both the three- and nine-months ended September 30, 2021 increased in comparison to the same periods of the prior year, as a result of the mix of territories in which we derived income. In both years our effective rate benefited by the tax impact of the vesting of certain stock grants. For the three- and nine-months ended September 30, 2021, the Company recorded income tax benefits resulting from return to provision adjustments from Hong Kong off-shore activities income exclusion and non-taxable income as a result of reinstatement of an indemnification asset from our international subsidiaries. In the three- and nine-months ended September 30, 2020, the Company benefited from a discrete income tax benefit as the Company assessed its income tax positions to account for the Coronavirus Aid Relief and Economic Security Act (“CARES Act”) which was signed into law on March 27, 2020. A provision of the act modified the amount of interest deduction allowed and therefore reduced the Company’s 2019 Global Intangible Low Tax Income (“GILTI”) inclusion. While the discrete items totaled to about the same amount for both years, the benefit was more significant in 2020 due to a lower pre-tax income for the nine months ended September 30, 2020.

The effective tax rate is based on the projected income for the full year and is subject to ongoing review and adjustment by management.

The Florida Department of Revenue has completed its audit of the Company’s state income tax returns for the years ended December 31, 2012, through December 31, 2013, and December 31, 2015, through December 31, 2018. No adjustments have been proposed for these returns.

On October 22, 2021, the Mississippi Department of Revenue provided the Company with a preliminary assessment of its examination of the Company’s state income tax returns for the years ended December 31, 2016, through December 31, 2018. The Company is currently reviewing the preliminary assessment and believes the impact on its Condensed Consolidated Financial Statements is immaterial.