XML 32 R25.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Income Taxes
6 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes

17. Income Taxes —Income tax benefit was $1,553 for the three months ended June 30, 2024, as compared to income tax expense of $1,541 for the three-months ended June 30, 2023. Income tax benefit was $69 for the six months ended June 30, 2024 as compared to an income tax expense of $1,181 for the six months ended June 30, 2023. The effective income tax rate for the three and six-month periods ended June 30, 2024 was computed based on the estimated effective tax rate for the full year. This calculation resulted in an effective income tax rate of 11.7% for the three months ended June 30, 2024, as compared to 315.36% for the three-months ended June 30, 2023. The effective income tax rate was 0.7% for the six months ended June 30, 2024, as compared to 57.7%. for the six months ended June 30, 2023. The decrease in the effective income tax rate for the three and six months ended June 30, 2024 compared to the same periods in the prior year is primarily attributable to income tax benefits associated with transformation costs incurred during the periods of 2024.

It is expected that $328 of unrecognized tax benefits will be released within the next twelve months due to expiration of the statute of limitations.