Income Taxes

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Consolidated income tax benefits for the three and six months ended June 30, 2021 and 2020 were determined based upon the Company’s estimated consolidated effective income tax rates calculated without discrete items for the years ending December 31, 2021 and 2020, respectively.

The Company’s effective tax rates for the three months ended June 30, 2021 and 2020 were (9.4)% and 26.2%, respectively. The Company’s effective tax rates for the six months ended June 30, 2021 and 2020 were (17.0)% and 30.8%, respectively. The difference between the consolidated effective income tax rate and the U.S. federal statutory rate for the three and six months ended June 30, 2021 was primarily attributable to income exclusion of PPP loan forgiveness for federal income taxes, state income taxes and other permanent items.

The Company does not have any amounts in its condensed consolidated balance sheets for unrecognized tax benefits related to uncertain tax positions as of June 30, 2021.