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Income Taxes
3 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
Income Taxes

19. Income Taxes Income tax expense was $4,499 for the three months ended March 31, 2022, as compared to $1,362 for the three months ended March 31, 2021. The effective tax rate for the three months ended March 31, 2022 was 31.2% as compared to 30.6% of the same period last year, and is based on the rates in the jurisdictions in which the Company operates. The rate has increased compared to prior year reflecting mix of income in different jurisdictions and partially offset by an increased benefit from the tax impact of the vesting of certain stock grants. For tax years beginning after December 31, 2021, the Tax Cuts and Jobs Act (“TCJA”) of 2017 amends Internal Revenue Code Section 174 costs wherein research and development expenditures will no longer be deducted in the tax year that such costs are incurred but must now be capitalized and amortized over either a five- or fifteen-year period, depending on the location of the activities performed. The effective tax rate is based on the projected income for the full year and is subject to ongoing review and adjustment by management.