v3.24.3
Income Taxes
 9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesThe Company's quarterly provision for income taxes is measured using an estimated annual effective tax rate adjusted for discrete items that occur within the quarter. The effective income tax rate was 16.70% and (1.10)% for the three months ended September 30, 2024, and 2023, respectively. The increase in the effective tax for the three months ended September 30, 2024, was primarily due to the decrease in permanent adjustments and decrease in profitability during the year as the Company maintains a full valuation allowance against it's deferred tax assets. The effective income tax rate was —% and 6.80% for the nine months ended September 30, 2024, and 2023, respectively. The decrease in the effective tax rate was primarily due to the partial release of the valuation allowance in 2023 due to the increase in deferred tax liabilities that related to the GTMR acquisition resulting in a $1.2 million net income tax benefit.