Income Taxes |
6 Months Ended |
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Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The provision for income taxes from continuing operations was $7.0 million for the first half of 2025, reflecting an effective tax rate of 27%, compared to income taxes of $4.4 million for the first half of 2024, reflecting an effective tax rate of 26%. On July 4, 2025, the One Big Beautiful Bill Act (“OBBB Act”) was signed into law in the U.S., which contains a broad range of tax reform provisions affecting businesses. We are still evaluating the full effects of the legislation on our estimated annual effective tax rate and cash tax position. Based on our preliminary analysis, we currently expect that the legislation will likely not have a material impact on our estimated annual effective tax rate but anticipate the provisions providing accelerated tax deductions for certain capital investments to provide additional cash flow timing benefits which, coupled with our existing U.S. federal net operating loss and other carryforward tax benefits, should limit our cash tax obligations over the next several years.
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