INCOME TAXES

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

INCOME TAXES

Effective income tax rate

	Three Months Ended March 31,
(Dollars in thousands)	2020			2019
(Benefit from) income taxes	$	(23,810)		$	(8,300)
Effective income tax rate	48		%	22		%

During the three months ended March 31, 2020, the Company’s effective income tax rate benefit increased primarily due to the excess tax benefits from stock-based compensation and a carry back claim benefit as a result of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), partially offset by Global Intangible Low-Taxed Income (“GILTI”).