Income Taxes

9 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes    The Company recorded a net income tax expense of $730 thousand (4.63%) and $2.6 million (4.75%) during the three and nine months ended September 30, 2021, respectively, which included tax expense of $67 thousand and $763 thousand from

certain discrete items related to stock compensation and uncertain tax positions during the three and nine months ended September 30, 2021, respectively. The income tax expense, exclusive of discrete items, was $663 thousand (4.21%) and $1.8 million (3.34%) for the three and nine months ended September 30, 2021, respectively. The Company expects its full year effective tax rate to be in the range of 2.5% to 5.5%.

     As of September 30, 2021 and December 31, 2020 a liability of $9.0 million and $8.3 million for uncertain tax positions is included in other long-term liabilities of the Company's Condensed Consolidated Balance Sheets. The Company increased this liability reserve by $228 thousand and $789 thousand, respectively, during the three and nine months ended September 30, 2021 and decreased by $1.4 million and $1.2 million, respectively, during the three and nine months ended September 30, 2020. The Company recognizes interest accrued and penalties related to unrecognized tax benefits as part of income tax expense.