v3.26.1
Income Tax Matters
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Tax Matters

9. Income Tax Matters

The following table presents the income tax provision by region:

 

 

 

Quarter Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Domestic

 

$

(28.9

)

 

$

(6.0

)

 

$

(48.2

)

 

$

(12.6

)

Foreign

 

 

(0.6

)

 

 

(0.7

)

 

 

(1.2

)

 

 

(1.3

)

Total

 

$

(29.5

)

 

$

(6.7

)

 

$

(49.4

)

 

$

(13.9

)

The income tax provision for the quarters ended June 30, 2026 and June 30, 2025 was $29.5 million and $6.7 million, respectively, reflecting an effective tax rate of 23% and 22%, respectively. There was no material difference between the effective tax rate and the blended statutory tax rate for the quarters ended June 30, 2026 and 2025.

The income tax provision for the six months ended June 30, 2026 and June 30, 2025 was $49.4 million and $13.9 million, respectively, reflecting an effective tax rate of 24% and 24%, respectively. There was no material difference between the effective tax rate and the blended statutory tax rate for the six months ended June 30, 2026 and 2025.

Our gross unrecognized benefits relating to uncertain tax positions were $8.1 million and $7.4 million at June 30, 2026 and December 31, 2025, respectively. If recognized, these amounts would be reflected in our income tax provision and affect our effective tax rate.