Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective tax rate for the three months ended June 30, 2022 was 16.7%, reflecting a tax benefit of $0.1 million on pre-tax loss of $0.7 million, compared to (509.1)% for the three months ended June 30, 2021, reflecting a tax expense of $43.0 million on a pre-tax loss of $8.5 million. The change in the effective tax rate for the three months ended June 30, 2022 compared to the prior year period was primarily due to an increase in our net deferred tax liabilities as a result of a state tax apportionment change relating to the purchase of a building in Florida for the relocation of our corporate headquarters and an enacted tax rate change in the U.K. in the prior period.

The effective tax rate for the six months ended June 30, 2022 was 23.3%, reflecting a tax benefit of $9.4 million on pre-tax loss of $40.5 million, compared to (78.8)% for the six months ended June 30, 2021, reflecting a tax expense of $33.2 million on a pre-tax loss of $42.2 million. The change in the effective tax rate for the six months ended June 30, 2022 compared to the prior year period was