INCOME TAXES |
3 Months Ended |
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Mar. 31, 2023 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES |
NOTE 8. INCOME TAXES Our forecasted annual effective tax rate (“AETR”) at March 31, 2023 was 4.8%, as compared to 6.66% at March 31, 2022. This decrease was primarily due to changes in foreign rate differential, adjustments in foreign derived intangible income 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 three months ended March 31, 2023 and 2022, our effective tax rate (“ETR”) was 4.8% and 143.35%, respectively. The decrease in the ETR for the three months ended March 31, 2023 is a result of favorable discrete items related to excess tax benefits from stock-based compensation in the prior quarter that were not present in the current quarter. |
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- References No definition available.
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- 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
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