INCOME TAXES |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| INCOME TAXES | |
| INCOME TAXES | (14) INCOME TAXES
The Company's effective income tax rate was 37.6% and 39.7% for the three and six months ended June 30, 2026, compared to 25.6% and 23.0% for the three and six months ended June 30, 2025.
The Company's effective income tax rate for the three and six months ended June 30, 2026 was higher than the applicable statutory income tax rate of 21% as a result of certain foreign earnings being subject to higher local statutory tax rates and our U.S. deferred tax activity. The Company's effective income tax rate for the three and six months ended June 30, 2025 was higher than the applicable statutory income tax rate of 21% as a result of certain of its foreign earnings being subject to higher local statutory tax rates. |