Income taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income taxes | |
| Income taxes | 7. Income taxes Income tax expense of $150,000 was recorded for the three months ended June 30, 2026 compared to $385,000 for the three months ended June 30, 2025. The effective tax rate was approximately 13.5% for the three months ended June 30, 2026 compared to 25.4% for the three months ended June 30, 2025. An income tax benefit of $520,000 was recorded for the six months ended June 30, 2026 compared to $200,000 for the six months ended June 30, 2025. The effective tax rate was approximately 26.6% for the six months ended June 30, 2026 compared to 30.9% for the six months ended June 30, 2025. Income tax provisions for interim (quarterly) periods are based on estimated annual income tax rates and are adjusted for the effects of significant, infrequent or unusual items (i.e. discrete items) occurring during the interim period. |