INCOME TAXES |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES Income tax expense was $27.9 million on pre-tax income of $97.1 million for the three months ended June 30, 2026, as compared to income tax expense of $16.3 million on pre-tax income of $46.8 million in the comparable prior year period. The effective income tax rate for the three months ended June 30, 2026 was 28.7% compared to 34.8% in the comparable prior year period. Income tax expense was $41.4 million on pre-tax income of $137.9 million for the six months ended June 30, 2026, as compared to income tax expense of $34.0 million on pre-tax income of $99.2 million in the comparable prior year period. The effective income tax rate for the six months ended June 30, 2026 was 30.0% compared to 34.3% in the comparable prior year period. The effective tax rate for the three and six months ended June 30, 2026 varied from the effective tax rate in the comparable prior year period due primarily to a decrease in permanent differences for which the Company has not recognized a tax benefit. The effective tax rate for the three and six months ended June 30, 2026 varied from the U.S. statutory rate due primarily to permanent differences for which the Company has not recognized a tax benefit and losses in tax jurisdictions with existing valuation allowances.
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