v3.26.1
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Effective Tax Rate

A reconciliation of the Company’s effective tax rate is as follows:

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Estimated annual effective tax rate before discrete items

 

 

25.4

%

 

 

27.1

%

 

 

25.4

%

 

 

26.4

%

Discrete items recognized

 

 

(18.0

)%

 

 

(14.4

)%

 

 

(16.6

)%

 

 

(21.1

)%

Effective tax rate recognized in the statements of operations

 

 

7.4

%

 

 

12.7

%

 

 

8.8

%

 

 

5.3

%