Income Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For the three and six months ended June 30, 2022, we recorded an income tax benefit and income tax provision of $12 thousand and $0.6 million, respectively, on pre-tax losses of $121.2 million and $203.4 million for effective tax rates of 0.01% and (0.3)%, respectively. For the three and six months ended June 30, 2021, we recorded income tax provisions of $0.3 million and $0.4 million on pre-tax losses of $58.1 million and $87.8 million for effective tax rates of (0.5)% and (0.5)%, respectively.

The effective tax rate for the three and six months ended June 30, 2022 and 2021 is lower than the statutory federal tax rate primarily due to a full valuation allowance against U.S. deferred tax assets.