Income Taxes |
3 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 7 - Income Taxes
The Company determines its tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items, if any, that are considered in the relevant period. The Company updated its estimate of the annual effective tax rate, and if its estimated tax rate changes, the Company will be making a cumulative adjustment.
The Company’s effective tax rate (“ETR”) is 16.5% and 6.6% for the three months ended June 30, 2025 and 2024, respectively. For the three months ended June 30, 2024, significant increase in recognition of deferred tax benefit on losses in certain subsidiaries having a lower jurisdiction tax expense yielded a lower effective tax rate (ETR) as compared to three months ended June 30, 2025.
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