Income Taxes

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The following table presents the provision for (benefit from) income taxes for the respective periods:

	Three Months Ended June 30,						Six Months Ended June 30,
				As Restated and Recast						As Restated and Recast
(dollars in thousands)	2023			2022			2023			2022
Provision for (benefit from) income taxes	$	9,024		$	8,668		$	(445)		$	15,020
Effective tax rate	(60.9		%)	30.7		%	0.9		%	158.1		%

Our effective tax rate for the three and six months ended June 30, 2023 was lower than the prior year primarily due to a $49.3 million non-deductible expense associated with the refinancing of a portion of the Company's 2.75% Convertible Notes in the second quarter of 2023. See Note 14 for more information.