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Income Tax (Tables)
 9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
Components of income tax expense
The components of income tax expense for the three and nine months ended September 30, 2023 and 2022, respectively, consisted of the following:
 Three months ended September 30,Nine months ended September 30,
(In thousands)2023202220232022
Current tax provision $8,166 $9,537 $21,037 $24,610 
Deferred tax benefit(13,024)(489)(16,491)(1,699)
Income tax (benefit) expense $(4,858)$9,048 $4,546 $22,911 
Segregation of income tax expense based on location of operations The following table presents the components of income tax expense for the three and nine months ended September 30, 2023 and 2022, and its segregation based on location of operations:
 Three months ended September 30,Nine months ended September 30,
(In thousands)2023202220232022
Current tax provision
Puerto Rico$1,851 $6,318 $5,626 $11,809 
United States80 44 138 107 
Foreign countries6,235 3,175 15,273 12,694 
Total current tax provision $8,166 $9,537 $21,037 $24,610 
Deferred tax benefit
Puerto Rico$(11,169)$719 $(11,593)$(321)
United States34 54 38 9 
Foreign countries(1,889)(1,262)(4,936)(1,387)
Total deferred tax benefit$(13,024)$(489)$(16,491)$(1,699)
Schedule of income tax expense differs from computed income tax at statutory rates
Income tax expense differs from the amount computed by applying the Puerto Rico statutory income tax rate to the income before income taxes as a result of the following:
 Nine months ended September 30,
(In thousands)20232022
Computed income tax at statutory rates$27,231 $87,402 
Differences in tax rates due to multiple jurisdictions3,034 2,612 
Effect of income subject to tax-exemption grant(24,697)(26,262)
Effect of the gain on sale of a business— (39,645)
Unrecognized tax expense103 (3,472)
Excess tax benefits on share-based compensation11 169 
Tax credits for research and development activities(884)— 
Other, net (252)2,107 
Income tax expense$4,546 $22,911