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INCOME TAXES
 9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES

24. INCOME TAXES

 

The Company calculates its interim income tax provision in accordance with ASC Topic 270, Interim Reporting, and ASC Topic 740, Income Taxes. The Company’s effective tax rate (“ETR”) from continuing operations was 0.1% and 2.0% for the three months ended September 30, 2024 and 2023, respectively, and (0.21%) and 0.4% for the nine months ended September 30, 2024 and 2023, respectively. The Company recorded an income tax provision of $67,000 and $0.1 million for the three months ended September 30, 2024 and 2023, respectively, and an income tax provision of $47,000 and an income tax provision of $0.5 million for the nine months ended September 30, 2024 and 2023, respectively. The difference between the ETR and federal statutory rate of 21% is primarily attributable to items recorded for GAAP but permanently disallowed for U.S. federal income tax purposes and changes in valuation allowance.