Income Taxes

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Note 8 — Income Taxes

For interim income tax reporting, we are required to estimate our annual effective tax rate and apply it to year-to-date pre-tax income (loss), excluding unusual or infrequently occurring discrete items. For the three months ended June 30, 2023, we recorded income tax from continuing operations of $0.0 million, on a loss of $1.1 million. For the three months ended June 30, 2022, we recorded income tax from continuing operations of $0.0 million on a loss of $0.7 million. The effective income tax rate for the three months ended June 30, 2023 differs from the U.S. federal statutory rate of 21% primarily due to a valuation allowance on various deferred tax assets.

We file income tax returns in multiple jurisdictions that are subject to review by various U.S and state taxing authorities. Our U.S. federal income tax returns for 2019 to present, and certain state returns from 2018 to present, are open to examination.