XML 27 R15.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes
6 Months Ended
Jun. 30, 2021
Income Tax Disclosure [Abstract]  
Income Taxes

5. Income Taxes

The Company's consolidated effective income tax rate may change periodically due to changes in enacted tax rates, fluctuations in the mix of income earned from the Company's various domestic and international operations, which are subject to income taxes at different rates, the Company's ability to utilize net operating loss and tax credit carryforwards, and amounts related to uncertain income tax positions. The provision for income taxes on consolidated income before income taxes totaled a provision of $3,590,000 and $6,311,000 for the three months ended June 30, 2021 and 2020, respectively.

The provision for income taxes on consolidated income before income taxes totaled a provision of $6,061,000 and a benefit of $(2,175,000) for the six months ended June 30, 2021 and 2020. The overall effective tax rate increased to 25.4% for the six months ended June 30, 2021 compared with 23.6% for the 2020 period primarily due to the impact of the goodwill impairment in the prior year.