Income Taxes |
9 Months Ended |
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Sep. 30, 2026 | |
| Income Taxes | |
| Income Taxes | 10. Income Taxes The effective income tax rates for the three months ended September 30, 2026 and 2025 were 21.5% and 26.3%, respectively. For the nine months ended September 30, the effective tax rates were 25.6% in 2026 and 31.8% in 2025. The three and nine months ended September 30, 2026 effective tax rates differed from the U.S. federal rate of 21% primarily because of U.S. state taxes and income tax benefits from share-based compensation, largely recognized in the third quarter. Last year’s year-to-date effective tax rate differed from the U.S. federal rate of 21% primarily because of U.S. state taxes and the establishment of a $1.1 million valuation allowance on deferred tax assets at Florsheim Australia.
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