Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Taxes | INCOME TAXES For interim periods, accounting standards require that income tax expense be determined by applying the estimated annual effective income tax rate to year-to-date results, unless this method does not result in a reliable estimate of year-to-date income tax expense. Each period, the income tax accrual is adjusted to the latest estimate and the difference from the previously accrued year-to-date balance is adjusted to the current quarter. For the six months ended June 30, 2026 and 2025, we recognized an income tax benefit of $12.3 million and a provision of $0.1 million on loss from continuing operations. Our effective tax rate for the six months ended June 30, 2026 varied from the U.S. federal statutory tax rate of 21% primarily due to the effects of changes in state taxes, interest received on tax refunds and nondeductible compensation. Our effective tax rate for the six months ended June 30, 2025 varied from the U.S. federal statutory tax rate of 21% primarily due to the effects of state taxes, nondeductible compensation, and a change in the state valuation allowance.
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