Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES

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INCOME TAXES
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe Company recorded an income tax expense of $0.3 million and $7.8 million for the three months ended March 31, 2023 and 2022, respectively. Our effective tax rate was (11.3)% for the three months ended March 31, 2023 compared to (45.1)% for the three months ended March 31, 2022. The effective rate of (11.3)% differs from the federal statutory rate of 21% primarily due to nondeductible stock compensation, the recognition of additional state tax liabilities due to an updated nexus study, the fair value adjustment to the warrant liability, and the effect of additional foreign taxes paid related to a settlement with the Israel Tax Authority.