Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 9 - INCOME TAXES For the three-month period ended June 30, 2025 and 2024, the Company’s effective tax rate was 27% and 16%, respectively. For the six-month period ended June 30, 2025 and 2024, the Company’s effective tax rate was 22% and 18%, respectively. The higher effective tax rates for the three and six months ended June 30, 2025 compared to the three and six months ended June 30, 2024 were due to the unfavorable impact from certain adjustments including nondeductible compensation and non-recurring rate benefits received in 2024 from amending prior year returns, partially offset by a favorable impact from the mix of earned income in certain foreign jurisdictions. The Company provides valuation allowances against deferred tax assets when it is more likely than not that some portion or all of its deferred tax assets will not be realized. During the period ended June 30, 2025, the Company did not record any additional valuation allowances in various jurisdictions on its deferred tax assets. For the six-month periods ending June 30, 2025 and 2024, the Company did not record any new uncertain tax positions.
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