INCOME TAXES |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| INCOME TAXES | |
| INCOME TAXES | 7.INCOME TAXES Our interim tax provision is determined using an estimate of the annual effective tax rate, adjusted for discrete items, if any, which are taken into account in the relevant period. Each quarter, we update an estimate of the annual effective tax rate, and if the estimated tax rate changes, we make a cumulative adjustment. We recorded an income tax (benefit) of $(230) and $(1,841) in the three and six months ended June 30, 2026, compared to an income tax expense of $1,248 and $1,894 in the three and six months ended June 30, 2025. Our effective tax rate was (20.6)% and 208.7% for the three and six months ended June 30, 2026, compared to 32.7% and 31.4% for the three and six months ended June 30, 2025. The changes in the effective tax rate for the three and six months ended June 30, 2026 compared to the prior year are primarily driven by higher discrete deductible expenses associated with vesting of share awards in the three and six months ended June 30, 2026. |