Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 11. Income Taxes
Our effective tax rate (“ETR”) on income before income taxes was 1,541.2% and 1,005.3% for the three and six months ended June 30, 2025, respectively, and our ETR on loss before income taxes was (40.9%) and (48.0)% for the three and six months ended June 30, 2024, respectively. In the three and six months ended June 30, 2025, the ETR is largely driven by the close to break-even income from continuing operations. In periods where our income from continuing operations is equal to or approximates break-even, the effective tax rate may not be meaningful due to interim accounting methods and discrete period items. In the three and six months ended June 30, 2024, the income tax provision was lower than the 21.0% statutory rate due to losses not benefited as a result of valuation allowances and unfavorable U.S. taxable income modifications such as Global Intangible Low Taxed Income ("GILTI") and shortfalls on stock compensation. |