INCOME TAXES |
9 Months Ended |
|---|---|
Sep. 30, 2022 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES |
NOTE 9. INCOME TAXES Our forecasted annual effective tax rate (“AETR”) at September 30, 2022 was 4.3%, as compared to 10.4% at September 30, 2021. This decrease was primarily due to excess tax benefits reduced foreign rate differential, reduced Subpart F inclusion and a change in valuation allowance because of changes in estimates of current-year ordinary income considered in determining the forecasted AETR. For the nine months ended September 30, 2022 and 2021, our effective tax rate (“ETR”) was 5.2% and 0.5%, respectively. The increase in the ETR for the nine months ended September 30, 2022 is a result of increased favorable discrete items related to excess tax benefits from stock-based compensation that were greater than the previous comparable period, in addition to changes in valuation allowance as the result of changes in estimates of current-year ordinary income. |
| 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
|