Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Taxes | |
| Income Taxes | Note 7 — Income Taxes We operate in multiple jurisdictions with complex tax laws subject to interpretation and judgment. We believe that our application of such laws and the tax impact thereof are reasonable and fairly presented in our condensed consolidated financial statements. For the three- and six-month periods ended June 30, 2026, we recorded income tax provision of $7.1 million and $6.2 million, respectively, resulting in effective tax rates of 31.9% and 38.3%, respectively. The effective tax rates for the three- and six-month periods ended June 30, 2026 were affected by the jurisdictional mix of earnings and utilization of foreign tax credits. For the three- and six-month periods ended June 30, 2025, we recorded income tax provision (benefit) of $(3.7) million and $1.3 million, respectively, resulting in effective tax rates of 42.4% and 17.4%, respectively. The effective tax rates for the three- and six-month periods ended June 30, 2025 were impacted by certain non-U.S. discrete items and the jurisdictional mix of earnings. |