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Income Tax
9 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
Income Tax Income TaxThe effective income tax rate was 0.1% and 16.6%, respectively, for the three months ended September 30, 2022 and 2021 and (0.2)% and 3.8%, respectively, for the nine months ended September 30, 2022 and 2021. During the third quarter of 2021, the Company recorded a one-time benefit of approximately $3.1 million due to the release of the valuation allowance as a result of the Apostrophe acquisition. The effective tax rate differs from the U.S. federal rate primarily due to the impacts of the valuation allowance placed on the Company’s deferred tax assets and state taxes.On August 16, 2022, the Inflation Reduction Act of 2022 (“IRA”) was signed into law. The new legislation imposes a 15% minimum tax on certain corporation’s book income and a 1% excise tax on certain stock buybacks. While we may be subject to the new excise tax on certain stock buybacks in the future, the enactment of the IRA did not result in any material adjustments to our financial statements for the three and nine months ended September 30, 2022.