INCOME TAXES

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 12. INCOME TAXES

Effective income tax rate

	Three Months Ended March 31,
(Dollars in thousands)	2022			2021
(Benefit from) income taxes	$	(7,683)		$	(17,618)
Effective income tax benefit rate	95		%	73		%

The change in the effective income tax benefit rate was primarily due to the impact of discrete tax items which were proportionately larger on a lower loss before income taxes.

Stock-based compensation increases the variability of our effective tax rates. The impact of stock-based compensation on a given period depends on our profitability, the attributes of the stock compensation awards the Company grants, and award holders' exercise behavior.