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Income Taxes
3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

Note 7 Income Taxes

 

The Company’s income tax expense of $0.1 million for the three months ended March 31, 2021 reflects an effective tax rate of (0.4)%. The Company’s income tax expense of $0.3 million for the three months ended March 31, 2020 reflects an effective tax rate of (2.4)%. The tax expense for the three months ended March 31, 2021 relates to foreign income taxes and discrete items. The tax expense for the three months ended March 31, 2020 relates to foreign income taxes partially offset by discrete items.

 

The CARES Act was signed into federal law on March 27, 2020. The CARES Act is an emergency economic stimulus package in response to the Coronavirus outbreak, which among other things contains numerous income tax provisions. Some of these tax provisions are expected to be effective retroactively for years ending before the date of enactment. However, the Company does not anticipate these benefits will have a material financial impact.