Income Taxes |
6 Months Ended |
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Jun. 30, 2021 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes |
Note 8. Income Taxes The Company had income tax benefit of $4.4 million for the three-month period ended June 30, 2021 compared to income tax benefit of $2.1 million for the three-month period ended June 30, 2020, and income tax benefit of $5.3 million for the six-month period ended June 30, 2021 compared to income tax benefit of $1.9 million for the six-month period ended June 30, 2020. The Company’s effective tax rate as of June 30, 2021 was primarily impacted by the move to the new Israeli tax regime of “Preferred Technology Enterprise” subject to 12% tax rate as well as different geographic mixes of earnings and losses and a valuation allowance on losses of our US subsidiaries. |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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