v3.26.1
Income Taxes
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

Note 7. Income Taxes

The U.S. Federal statutory income tax rate and the Company’s effective income tax rate are as follows:

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2026

 

2025

 

2026

 

2025

U.S. Federal statutory rate

 

21.0%

 

21.0%

 

21.0%

 

21.0%

Effective income tax rate

 

15.0%

 

2.1%

 

14.4%

 

1.0%

 

The differences between the 21% U.S. Federal statutory rate and the effective income tax rates for the three and six months ended June 30, 2026, were driven by changes in valuation allowances, the effect of foreign earnings, the tax benefit of a partnership structure and return-to-provision adjustments.