v3.26.1
Income Tax Provision (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Information Related to Income Tax Expense

The table below sets forth information related to our income tax expense:

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Domestic pre-tax income

$

23,400

 

 

$

75,626

 

 

$

22,444

 

 

$

90,249

 

Foreign pre-tax income (loss)

$

32,213

 

 

$

(22,403

)

 

$

53,271

 

 

$

(39,793

)

Income tax provision

$

6,847

 

 

$

9,063

 

 

$

10,847

 

 

$

9,083

 

Effective tax rate

 

12.3

%

 

 

17.0

%

 

 

14.3

%

 

 

18.0

%

Impact of tax holidays on tax expense

$

(689

)

 

$

(289

)

 

$

(845

)

 

$

(463

)

Earnings per share impact of tax holidays:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.02

 

 

$

0.01

 

 

$

0.02

 

 

$

0.01

 

Diluted

$

0.02

 

 

$

0.01

 

 

$

0.02

 

 

$

0.01