v3.26.3
Income Taxes
9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense during interim periods is based on the estimated annual effective income tax rate plus any discrete items that are recorded in the period in which they occur. The Company's tax rate is affected by discrete items that may occur in any given year but may not be consistent from year to year.
The Company's effective tax rate for continuing operations was 25.4% and 23.3% for the three and nine months ended September 30, 2026, respectively, and 37.5% and 18.7% for the three and nine months ended September 30, 2025, respectively. The effective tax rate was lower for the three months ended September 30, 2026 as compared to the same period of the prior year primarily due to the prior year recognition of an accrual for a potential tax dispute associated with the dissolution of a foreign subsidiary. The effective tax rate was higher for the nine months ended September 30, 2026 as compared to the same period of the prior year primarily due to unfavorable permanent differences associated with increased acquisition-related expenses during the current year, as well as higher pre-tax book income in the current period compared to the prior period, which reduced the favorable tax impact arising from various discrete tax adjustments in the current period.