INCOME TAXES |
9 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES |
NOTE 12. INCOME TAXES
Our forecasted annual effective tax rate (“AETR”) at September 30, 2021 was 10.4%, as compared to 12.0% at September 30, 2020. This decrease was primarily due to excess tax benefits from stock-based compensation, utilization of tax credits, foreign rate differential, Subpart F inclusion and a change in valuation allowance as a result of changes in estimates of current-year ordinary income considered in determining the forecasted AETR.
For the nine months ended September 30, 2021 and 2020, our effective tax rate (“ETR”) was 0.5% and 12.7%, respectively. The decrease in the ETR for the nine months ended September 30, 2021 is a result of favorable discrete items related to excess tax benefits from stock-based compensation that were greater than the previous comparable period. |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|