Income Taxes

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

    The Company recorded a net income tax expense of $1.9 million (9.90%) and $6.1 million (10.04%) during the three and nine months ended September 30, 2022, respectively, which included tax expense of $0.7 million and $1.4 million from certain discrete items related to stock compensation and uncertain tax positions during the three and nine months ended September 30, 2022, respectively. The income tax expense, exclusive of discrete items, was $1.2 million (6.09%) and $4.7 million and (7.77%) for the three and nine months ended September 30, 2022, respectively. The Company expects its full year effective tax rate to be in the range of 7% to 10%.

     As of September 30, 2022 and December 31, 2021 a liability of $6.4 million and $6.2 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 during the nine months ended September 30, 2022 and September 30, 2021 by $194 thousand and $789 thousand, respectively. The Company recognizes interest accrued and penalties related to unrecognized tax benefits as part of income tax expense.