Income taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income taxes | 13. Income taxes Generally, income tax provisions for interim periods are based on an estimated annual income tax rate, adjusted for discrete tax items, with any changes affecting the estimated annual effective tax rate recorded in the interim period in which the change occurs. Due to losses in the Company's U.S., Canadian and Italian operations for which no tax benefit is recognized, the Company determined the estimated annual effective tax rate method would not provide a reliable estimate of the Company's overall annual effective tax rate. As such, the Company has calculated the tax provision using the actual effective rate for the nine months ended September 30, 2026. Due to the impact of temporary differences on the Company's current U.S. tax liability for which no deferred tax benefit is recognized, the Company's effective tax rate may vary in future quarters. For the three months ended September 30, 2026, and 2025, the effective tax rate was (15.7%) and (2.4%), respectively. For the nine months ended September 30, 2026, and 2025, the effective tax rate was (4.1%) and (1.5%), respectively. The primary factors affecting the Company's effective tax rate for the three and nine months ended September 30, 2026, were certain losses for which no tax benefit is recognized and tax amortization on certain acquired intangibles. In October 2026, the Internal Revenue Service notified the Company of their intention to audit the tax year 2024. The Company does not currently expect the ultimate resolution to have a material impact on the Company's consolidated financial statements. |