INCOME TAXES

6 Months Ended

Jun. 30, 2020

9. INCOME TAXES

Effective income tax rate


	Three Months Ended June 30,							Six Months Ended June 30,
(Dollars in thousands)	2020		2019		2020			2019
(Benefit from) income taxes	$	(12,319)	$	(17,338)	$	(36,129)		$	(25,638)
Effective income tax rate					44		%	30		%

During the six months ended June 30, 2020, the Company’s effective income tax rate benefit increased primarily due to the excess tax benefits from stock-based compensation and a carryback 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”).

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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