Income Taxes |
9 Months Ended |
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Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes During the three and nine months ended September 30, 2026, the Company recorded an income tax benefit of $0.1 million and $0.6 million, respectively, as compared to $3.6 million and $4.0 million during the same period in 2025, respectively. The effective tax rate for the three and nine months ended September 30, 2026, was 1% and 4%, respectively, as compared to 41% and 10% during the same period in 2025, respectively. The Company determines its income tax provision or benefit for interim periods using an estimate of its annual effective tax rate adjusted for discrete items occurring during the periods presented. The difference between the effective tax rate and the federal statutory rate in the three and nine months ended September 30, 2026 is primarily attributable to foreign income taxes, the effect of certain permanent differences, the release of tax reserves, and a full valuation allowance against US net deferred tax assets. The difference between the effective tax rate and the federal statutory rate for the same periods in 2025 is primarily attributable to foreign income taxes, the effect of certain permanent differences, and the release of a valuation allowance from acquired deferred tax liabilities. The Company files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and certain foreign jurisdictions. There are no audits currently underway for federal, state, local, and foreign authorities. All tax years remain open to examination by major taxing jurisdictions to which the Company is subject for a period of 3 years for federal, 4 years for states, and 4 or more years for foreign jurisdictions, after the utilization of net operating losses and credits.
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