INCOME TAXES

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

We recorded an income tax provision of $0.9 million and $0.5 million for the three and six months ended June 30, 2021, respectively, compared to an income tax provision of $1.7 million and a benefit of $18.8 million for the three and six months ended June 30, 2020. The effective tax rate, inclusive of discrete items, was a provision of 5.1% for the three months ended June 30, 2021, compared to a provision of 14.2% for the three months ended June 30, 2020. For the six months ended June 30, 2021, our effective tax rate, inclusive of discrete items, was a provision of 1.0%, compared to a benefit of 8.1% for the six months ended June 30, 2020.

Our effective tax rate differed from the statutory tax rate due to tax losses in jurisdictions in which the tax benefits have been offset by valuation allowances. The effective tax rate in the prior year was also impacted by the tax benefits recognized related to the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”).