Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes In calculating the provision for interim income taxes, in accordance with ASC Topic 740, an estimated annual effective tax rate is applied to year-to-date ordinary income. The resulting provision is adjusted for the tax effect of discrete items required to be recorded during the period. At the end of each interim period, the Company adjusts its estimate of the effective tax rate expected to be applicable for the full fiscal year. In the six months ended June 30, 2026 and 2025, our effective tax rate for continuing operations was 21.6% and 28.5%, respectively. The difference between the effective tax rate and the statutory tax rate is primarily attributable to nondeductible compensation under Section 162(m) and discrete adjustments for RSU and PSU shortfalls and windfalls. The decrease in the effective tax rate for the six months ended June 30, 2026, as compared to the six months ended June 30, 2025, was primarily due to changes in the discrete tax impacts associated with RSU and PSU shortfalls and windfalls.
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