Income Tax Matters

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Tax Matters

10. Income Tax Matters

The following table presents the income tax provision by region (in millions of dollars):

	Quarter Ended March 31,
	2024			2023
Domestic	$	(7.0	)	$	(4.4	)
Foreign		(0.5	)		(0.5	)
Total	$	(7.5	)	$	(4.9	)

The income tax provision for the quarters ended March 31, 2024 and March 31, 2023 was $7.5 million and $4.9 million, respectively, reflecting an effective tax rate of 23% and 24%, respectively. There was no material difference between the effective tax rate and the blended statutory tax rate for the quarters ended March 31, 2024 and March 31, 2023, respectively.

Our gross unrecognized benefits relating to uncertain tax positions were $7.5 million and $6.5 million at March 31, 2024 and December 31, 2023, respectively, of which, $7.5 million and $6.5 million would be recorded through our income tax provision and thus, impact the effective tax rate at March 31, 2024 and December 31, 2023, respectively, if the gross unrecognized tax benefits were to be recognized.

We do not expect our gross unrecognized tax benefits to significantly change within the next 12 months.