Income Taxes |
3 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 7 - Income Taxes
The Company determines its tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items, if any, that are considered in the relevant period. The Company updated its estimate of the annual effective tax rate, and if its estimated tax rate changes, the Company will be making a cumulative adjustment.
The Company’s effective tax rate (“ETR”) is 28.4% and 16.5% for the three months ended June 30, 2026 and 2025, respectively. For the three months ended June 30, 2026, the significant increase in the ETR was due to the non-recognition of deferred tax benefits related to losses in jurisdictions with lower tax rates as compared to three months ended June 30, 2025.
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