Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The income tax provision (benefit) differed from the amounts computed by applying the U.S. federal income tax rate of 21% to income (loss) before income tax for the reasons set forth below:

	Three months ended March 31,
	2024		2023
U.S. federal statutory tax rate	21.0	%	21.0	%
State income taxes, net of federal benefit	13.5		—
Non-U.S. income taxed at different rates	(5.2)		0.1
Increase (reduction) in tax benefit related to stock-based awards	1.2		0.4
Change in valuation allowance	(18.8)		(20.5)
Permanent differences related to CARES Act	—		(1.1)
Non-deductible expenses	1.8		0.1
Effective income tax rate	13.5	%	—	%