Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 12 – INCOME TAXES The Company’s income tax provision and effective tax rate for interim periods are based on its estimated annual effective tax rate adjusted for discrete items during the period. For the three and nine months ended September 30, 2026, the Company recorded income tax expense of $0.5 million and $7.4 million, respectively. For the three and nine months ended September 30, 2025, the Company recorded income tax expense of $9.6 million and $2.6 million, respectively. The effective tax rate varies from the 21% U.S. federal tax rate primarily due to tax benefits related to stock-based compensation. The decrease in income tax expense for the three months ended September 30, 2026, as compared to the same period in the prior year, was primarily attributable to unrealized foreign exchange losses associated with South Korea withholding tax refund claims recognized in 2025. The increase in income tax expense for the nine months ended September 30, 2026, as compared to the same period in the prior year, was primarily attributable to unrealized foreign exchange gains associated with South Korea withholding tax refund claims recognized in 2025. The related income tax receivable was derecognized in the fourth quarter of 2025, and the associated foreign exchange gains and losses no longer impact the Company's income tax provision in 2026. |