Income Tax Expense (Benefit)

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Income Tax Expense (Benefit)

14. INCOME TAX EXPENSE (BENEFIT)

The Company recorded an income tax expense of $0.6 million and income tax benefit of $1.2 million for the three months ended March 31, 2023, and 2022, respectively. The effective tax rate for the three months ended March 31, 2023, was 20.0%

recorded on income before income taxes of $3.1 million. The effective tax rate for the three months ended March 31, 2022, was 39.4% recorded on a loss before income taxes of $3.0 million. The tax rate for the three months ended March 31, 2022 was largely impacted by the release of withholding tax related to unrepatriated earnings of our Russian subsidiary, which are not expected to be distributed in the foreseeable future.