Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 10 INCOME TAXES

The provision (benefit) for income taxes is as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2022		2021			2022			2021
Provision (benefit) for income taxes	$	923	$	(3,788	)	$	(5,753	)	$	(6,549	)

The effective tax rates are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Effective tax rate		(1.4	)%		5.1	%		4.2	%		7.7	%

The difference between the Company’s effective tax rate and the U.S. statutory tax rate of 21% was primarily the result of non-deductible equity awards. The Company regularly evaluates the realizability of its deferred tax assets and establishes a valuation allowance if it is more likely than not that some or all the deferred tax assets will not be realized. The Company has a valuation allowance of $239 and $0 as of June 30, 2022 and December 31, 2021, respectively.