INCOME TAX PROVISION

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

INCOME TAX PROVISION

10.        INCOME TAX PROVISION

The effective tax rate (income tax provision as a percentage of income (loss) before income tax provision) was 4.1% for the three months ended September 30, 2022, as compared to (0.1%) for the three months ended September 30, 2021. The effective tax rate was 17.1% and (0.1%) for the nine months ended September 30, 2022 and 2021, respectively. The effective tax rates vary, primarily as a result of the full valuation on our deferred tax asset in the current year and the tax benefit related to our stock-based compensation and a pretax loss in the prior year period.