INCOME TAXES |
9 Months Ended |
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Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES In the nine months ended September 30, 2026 and 2025, the Company had an estimated effective tax rate of 15.7% and 13.3%, respectively. The change in effective tax rate was primarily due to a lower proportion of income qualifying for the Foreign-Derived Deduction Eligible Income ("FDDEI") benefit. During the nine months ended September 30, 2026 and 2025, the Company recorded discrete net benefits of $11.5 million and $9.3 million, respectively, primarily related to share-based compensation. The One Big Beautiful Bill Act (the “OBBBA”) was signed into law on July 4, 2025. The OBBBA contains significant tax law changes with various effective dates affecting business taxpayers. The tax law changes affecting the Company primarily involve changes to the timing and amount of certain tax deductions, including those related to FDDEI, Net CFC Tested Income (NCTI), depreciation, R&D expenditures, and interest expense. The OBBBA did not have a material impact on our financial statements in third quarter 2026. The effective tax rate reported in any given year will continue to be influenced by a variety of factors, including timing differences between the recognition of book and tax revenue, the level of pre-tax income or loss, the foreign vs. domestic classification of the Company’s customers, and any discrete items that may occur. During the nine months ended September 30, 2026 and 2025, the Company paid approximately $42.9 million and $78.6 million, respectively, in foreign source creditable withholding tax.
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