Income Taxes (Notes) |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Tax Disclosure | Income Taxes The effective income tax rate for the three months ended June 30, 2026 and 2025 was (272.3)% and 22.5%, respectively. The Company recorded an income tax benefit of $49.2 million for the three months ended June 30, 2026, compared to income tax expense of $0.7 million for the same period in the prior year. The significantly lower effective tax rate in the second quarter of 2026 was primarily driven by the misapplication of income tax accounting guidance related to allocation of tax provision in the first quarter of 2026 that resulted in tax expense of $53.9 million being reported in the results of continuing operations. The $53.9 million of tax expense was subsequently reported as an out-of-period adjustment in the second quarter of 2026 in the results of discontinued operations. There was no change to the total Company tax expense in either period. The effective income tax rate for the six months ended June 30, 2026 and 2025 was 24.7% and 23.7%, respectively. The Company recorded income tax expense of $5.1 million and $1.4 million for the six months ended June 30, 2026 and 2025, respectively. The increase in the effective tax rate was primarily driven by the jurisdictional mix of earnings and the impact of certain permanent tax benefits recognized in the prior year period. Those benefits had a proportionately greater effect on the prior year effective tax rate due to the significantly lower level of pre-tax income in that period.
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