XML 28 R17.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes
3 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Income Taxes

9. Income Taxes

The following table summarizes the Company’s income tax (benefit) and effective income tax rate for the three months ended December 31, 2022 and 2021.

 

 

 

Three Months Ended
December 31,

 

 

 

2022

 

 

2021

 

(Loss) before income taxes

 

$

(24.4

)

 

$

(17.4

)

Income tax (benefit)

 

 

(5.5

)

 

 

(4.6

)

Effective income tax rate

 

 

22.5

%

 

 

26.4

%

 

The decrease in the effective tax rate for the three months ended December 31, 2022 when compared to the three months ended December 31, 2021, is primarily related to the distribution of pretax earnings across legal entities as well as the expense related to the vesting of restricted stock units that was recorded discretely in the current period.