Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2022 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The effective tax rate for the three months ended September 30, 2022 was (70.9)%, reflecting a tax benefit of $4.2 million on pre-tax income of $5.7 million, compared to (18.9)% for the three months ended September 30, 2021, reflecting a tax benefit of $2.8 million on pre-tax income of $14.7 million. The change in the effective tax rate for the three months ended September 30, 2022 compared to the prior year period was primarily due to a decrease in our net deferred tax liabilities as a result of an enacted state tax rate change. The effective tax rate for the nine months ended September 30, 2022 was 39.0%, reflecting a tax benefit of $13.6 million on pre-tax loss of $34.8 million, compared to (110.9)% for the nine months ended September 30, 2021, reflecting a tax expense of $30.4 million on a pre-tax loss of $27.5 million. The change in the effective tax rate for the nine months ended September 30, 2022 compared to the prior year period was primarily due to an increase in our net deferred tax liabilities as a result of a state tax apportionment change relating to the purchase of a building in Florida for the relocation of our corporate headquarters and an enacted tax rate change in the U.K., both occurring in the prior year period.
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