Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Taxes | |
| Income Taxes | Note 10. Income Taxes For the three and nine months ended September 30, 2026, the Company recorded a provision for income taxes of $0.3 million and $1.4 million, respectively, with an effective tax rate of 13.06% and (4.16)%, respectively. For the three and nine months ended September 30, 2025, the Company recorded a provision for income taxes of $0.2 million and $0.8 million, respectively. For each of the three and nine months ended September 30, 2026 and 2025, the provision for income taxes was primarily comprised of state and foreign income tax expense, net of release of uncertain tax positions for which the statute of limitations has expired. On July 4, 2025, the U.S. government enacted the One Big Beautiful Bill Act (OBBBA). Key provisions of the OBBBA include the extension and modification of certain provisions of the Tax Cuts and Jobs Act of 2017, changes to bonus depreciation, adjustments to business interest expense limitations, and modifications to the treatment of research and development expenditures. The OBBBA has multiple effective dates, with certain changes effective in 2025 and others in 2026. The Company has reflected the effect of the OBBBA within the provision for income taxes and the deferred tax balances as of September 30, 2026. The OBBBA did not materially impact the Company's effective tax rate for the three and nine months ended September 30, 2026. |