Income Taxes |
9 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Tax Disclosure [Text Block] | Income Taxes For the three months ended June 30, 2026, the Company recorded income tax expense of $12.5 million on earnings before income taxes of $79.8 million resulting in an effective tax rate of 15.7%. For the three months ended June 30, 2025, the Company recorded income tax expense of $19.5 million on earnings before income taxes of $72.0 million resulting in an effective tax rate of 27.1%. The decrease in the effective tax rate was primarily attributable to a tax benefit from the recognition of a loss on a foreign subsidiary investment, partially offset by a valuation allowance related to the Company's foreign operations. For the nine months ended June 30, 2026, the Company recorded income tax expense of $44.7 million on earnings before income taxes of $214.3 million resulting in an effective tax rate of 20.9%. For the nine months ended June 30, 2025, the Company recorded income tax expense of $46.4 million on earnings before income taxes of $185.5 million resulting in an effective tax rate of 25.0%. The decrease in the effective tax rate was primarily due to a tax benefit from the recognition of a loss on a foreign subsidiary investment.
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