INCOME TAXES |
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INCOME TAXES | INCOME TAXES Year-to-date income tax expense or benefit is the product of the most current projected annual effective tax rate and the actual year-to-date pretax income, adjusted for any discrete items. The income tax expense or benefit for a particular quarter is the difference between the current year-to-date calculation and the amount recognized in prior quarters of the same year, plus any discrete items recognized in that quarter. Items unrelated to current-period ordinary income or loss are recognized entirely in the period identified as discrete items of tax. For the three and nine months ended September 30, 2026, discrete items include tax expense related to stock-based compensation awards that vested at market prices below grant prices. In the prior-year period, the effective tax rate was primarily impacted by the release of the valuation allowance on the Company’s federal and state deferred tax assets and other discrete tax benefits. The Company’s income before taxes, income tax provision or benefit and effective tax rates were as follows. The large variance in the effective tax rate between periods primarily reflects the recognition of the valuation-allowance release and other discrete tax benefits in the three and nine months ended September 30, 2025.
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