Income Taxes

9 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income TaxesFor the three and nine months ended September 30, 2021 we recorded a $2.4 million and $6.5 million tax provision, respectively, or 24% effective tax rate for each period, compared to a $1.0 million and $11.4 million tax benefit for the three and nine months ended September 30, 2020, respectively. The effective tax rate in the current three and nine month period is

higher than the U.S. federal income tax rate primarily as a result of U.S. state and non-U.S. income taxes. The Company’s prior year tax benefit for the three months ended September 30, 2020 was primarily a result of a $2.0 million income tax benefit recorded for the impact of the high-tax exception to Global Intangible Low-Taxed Income ("GILTI"). The Company’s prior year tax benefit for the nine months ended September 30, 2020 was primarily attributable to a pre-tax net loss versus a pre-tax net income in the nine months ended September 30, 2021.

For the nine months ended September 30, 2021 and 2020, cash paid for taxes, net of refunds received, were $3.1 million and $0.9 million, respectively.