Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 11. INCOME TAXES The Company’s effective tax rate was 19.4% and negative 69.7% for the three and six months ended June 30, 2026, respectively. The Company’s effective tax rate was 28.5% and negative 5.1% for the three and six months ended June 30, 2025, respectively. The decreases in the effective rates for the three and six months ended June 30, 2026, compared to the prior year periods were primarily attributable to improved U.S. operating results, as the Company does not recognize a tax benefit primarily on losses in the United States where the Company has a valuation allowance, and the inclusion of Tabacón’s operating results in the current year periods. The income tax provision was computed based on the Company’s estimated annualized effective tax rate and the full-year forecasted income or loss plus the tax impact of unusual, infrequent, or nonrecurring significant items during the period. The amount and change of pre-tax income and loss recognized between jurisdictions impacted the reported effective tax rate for the three and six months ended June 30, 2026. The Company paid net cash for income taxes of $12.3 million during the six months ended June 30, 2026, of which $10.2 million was paid to Canadian taxing authorities. The Company paid net cash for income taxes of $17.0 million during the six months ended June 30, 2025, of which $11.2 million was paid to U.S. federal and state taxing authorities and $4.8 million was paid to Canadian taxing authorities. |