Income Taxes |
6 Months Ended |
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Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The income tax expense for the three and six months ended June 30, 2025, and 2024, was determined based upon estimates of the Company’s effective income tax rates in various jurisdictions. The difference between the Company’s effective income tax rate and the U.S. federal statutory rate is primarily attributable to state income taxes, foreign income taxes, the effect of certain permanent differences, and full valuation allowance against domestic net deferred tax assets. The income tax expense for the three and six months ended June 30, 2025, and 2024, relates primarily to state minimum income tax and income tax on the Company’s earnings in foreign jurisdictions. On July 4, 2025, the President signed into law the One Big Beautiful Bill Act, or the OBBBA, introducing significant amendments to the U.S. Internal Revenue Code. The amendments include the permanent extension of certain business tax measures initially established under the 2017 Tax Cuts and Jobs Act, which were set to expire at the end of 2025. The Company is currently evaluating the impact of the OBBBA on its financial statements and will provide further disclosures in subsequent reporting periods, as applicable.
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