Income Tax Expense (Benefit)

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Tax Expense (Benefit)

13. INCOME TAX EXPENSE (BENEFIT)

The Company recorded an income tax expense of $1.8 million and $0.6 million for the three and six months ended June 30, 2022, respectively, compared to an income tax expense of $2.1 million and $4.1 million for the three and six months ended June 30, 2021, respectively. The effective tax rate for the three and six months ended June 30, 2022 was 20% and 10% respectively. The effective tax rate for the three and six months ended June 30, 2021 was 20% in these periods. The tax rate for the six months ended June 30, 2022 was largely impacted by the release of withholding tax of $0.6 million related to unrepatriated earnings of our Russian subsidiary amounting to $12.0 million, which are not expected to be distributed in the foreseeable future.