Quarterly report [Sections 13 or 15(d)]

INCOME TAXES

v3.26.1
INCOME TAXES
3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
During the three months ended March 31, 2026 and 2025, the Company recorded an income tax expense of $3.5 million, resulting in an effective tax rate of 21.2%, and income tax expense of $10.2 million, resulting in an effective tax rate of 27.1%, respectively. The effective tax rate during the three months ended March 31, 2026 was impacted by the Company’s global mix of earnings in the current year, foreign currency fluctuations, partially offset by the recognition of certain deferred tax assets and share based compensation. The effective tax rate during the three months ended March 31, 2025 was impacted by the Company’s 2025 global mix of earnings and deductible business interest expense, partially offset by the recognition of certain deferred tax assets.