INCOME TAXES |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES The tax provision for interim periods is determined using an estimate of the Company's annual effective tax rate, adjusted for discrete items arising during interim periods. For the three months ended June 30, 2026 and 2025, the Company's effective tax rate was 23.1% and 41.0%, respectively. The Company's effective tax rate differed from the U.S. statutory tax rate primarily due to limitations on the deductibility of officer compensation and state taxes. For the three months ended June 30, 2026 and 2025, the Company recorded income tax expense of $8.5 million and $4.9 million, respectively. For the six months ended June 30, 2026 and 2025, the Company's effective tax rate was 20.0% and 49.6%, respectively. The Company’s effective tax rate for the six months ended June 30, 2026 differed from the U.S. statutory tax rate primarily due to a tax benefit related to stock-based compensation, partially offset by limitations on the deductibility of officer compensation. The Company's effective tax rate for the six months ended June 30, 2025 differed from the U.S. statutory tax rate primarily due to state taxes and limitations on the deductibility of officer compensation. For the six months ended June 30, 2026 and 2025, the Company recorded income tax expense of $8.7 million and $6.9 million, respectively.
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