Income Taxes |
3 Months Ended |
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Mar. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 13. Income Taxes The Company’s quarterly tax provision, and estimates of its annual effective tax rate, is subject to variation due to several factors, including variability in pre-tax income (or loss), the mix of jurisdictions to which such income relates, tax law developments, as well as non-deductible expenses, such as share-based compensation, and changes in its valuation allowance. Income tax expense was $1.6 million and $0.8 million for the three months ended March 31, 2023 and 2022, respectively. The income tax expense for the periods consisted primarily of income taxes related to U.S. operations. A valuation allowance is provided when it is more likely than not that the deferred tax assets will not be realized. Based on the available objective evidence during three months ended March 31, 2023, the Company believes it is more likely than not that the tax benefits of the Company’s losses incurred in Israel may not be realized. Our gross unrecognized tax benefits were $4.8 million as of March 31, 2023 and December 31, 2022. As of March 31, 2023, the Company does not expect its unrecognized tax benefits to change significantly within the next twelve months. |