INCOME TAXES (Notes)

9 Months Ended

Sep. 30, 2024

Income Tax Contingency [Line Items]

Income Tax Disclosure [Text Block]

INCOME TAXES

The Company’s effective tax rate was (91)% and 139% for the three and nine months ended September 30, 2024, respectively, and 43% and (47)% for the three and nine months ended September 30, 2023, respectively. The following items caused the effective rate to differ from the statutory rate:

•Tax expense of $0.1 million and $2.0 million during the three and nine months ended September 30, 2024, respectively, and tax benefits of $0.4 million during the nine months ended September 30, 2023, from the tax impacts of share-based compensation awards.

•Tax expense of $0.2 million during the nine months ended September 30, 2024, from state taxes related to research and development expenditures.

•Tax benefits of $0.4 million during the nine months ended September 30, 2023, from research tax credits.

•Tax expense of $0.1 million during the three months ended September 30, 2023, from deduction limitations on executive compensation.

•Tax expense of $0.1 million during the three months ended September 30, 2023, from a valuation allowance related to the impairment of an investment.