v3.26.1
INCOME TAXES
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company’s income tax expense consisted of the following components:
(In thousands)Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Current tax expense$(9,609)$(11,873)$(16,022)$(11,013)
Deferred tax expense(10,370)(6,380)(4,246)(142,599)
Income tax expense$(19,979)$(18,253)$(20,268)$(153,612)

The effective tax rates for the three months ended June 30, 2026 and 2025 were (31.9)% and (27.8)%, respectively. The effective tax rates for the six months ended June 30, 2026 and 2025 were (12.8)% and (72.7)%, respectively. The effective tax rates for these periods were primarily impacted by increases in valuation allowances recorded against certain deferred assets, related primarily to disallowed interest expense carryforwards due to uncertainty regarding the Company's ability to utilize those assets in future periods.