TAXES |
3 Months Ended |
|---|---|
Jun. 30, 2025 | |
| TAXES. | |
| TAXES | NOTE 5. TAXES For the three months ended June 30, 2025, the Company’s effective tax rate was 39.1%, compared to 82.7% for the three months ended June 30, 2024. The Company’s effective tax rates for the three months ended June 30, 2025 and 2024 were higher than the Company’s statutory rate primarily due to taxes on foreign operations and valuation allowances recorded in certain jurisdictions against deferred tax assets that are not more likely than not to be realized. In July 2025, the U.S. government enacted new tax legislation that, among other things, made permanent items such as 100% bonus depreciation on certain fixed assets, immediate expensing of domestic research costs and an increased business interest expense limitation. It also included modifications to several international tax provisions. We are currently assessing the impacts of the new legislation on our consolidated financial statements. |