INCOME TAXES |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES For the three months ended June 30, 2026, income tax benefit from continuing operations was $1.1 million, resulting in an effective tax rate of (8.2)%. For the three months ended June 30, 2025, income tax expense from continuing operations was $4.0 million, resulting in an effective tax rate of (117.9)%. For the six months ended June 30, 2026, income tax expense from continuing operations was $3.1 million, resulting in an effective tax rate of (4.9)%. For the six months ended June 30, 2025, income tax expense from continuing operations was $5.9 million, resulting in an effective tax rate of (34.7)%. Our effective tax rate for the three and six months ended June 30, 2026 is not reflective of the U.S. statutory rate due to certain foreign countries having a tax rate higher than the U.S. statutory rate, valuation allowances against certain net deferred tax assets and favorable discrete items. We are subject to federal income tax in the United States and numerous countries that have statutory tax rates different than the U.S. federal statutory rate of 21%. We provide for income taxes based on the tax laws and rates in the jurisdictions where we conduct operations. These jurisdictions may have regimes of taxation that vary in both nominal rates and the basis on which these rates are applied. Our consolidated effective income tax rate can vary from period to period due to these foreign income tax rate variations, changes in the jurisdictional mix of our income, and valuation allowances.
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