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Income Taxes
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company reported income before taxes of $31.1 million and an income tax provision of $10.1 million for the three months ended June 30, 2025. The Company reported a loss before taxes of $0.6 million and an income tax provision of $4.6 million for the three months ended June 30, 2024. The effective tax rates for the three months ended June 30, 2025, and 2024, were 32.3% and (798.4)%, respectively. The effective tax rate for the three months ended June 30, 2025 was impacted by the mix of income and the tax effect on discrete items. The effective tax rate for the three months ended June 30, 2024 was impacted by the tax effect on goodwill impairment and the mix of income.

The Company reported income before taxes of $48.8 million and an income tax provision of $14.4 million for the six months ended June 30, 2025. The Company reported income before taxes of $22.4 million and an income tax provision of $13.5 million for the six months ended June 30, 2024. The effective tax rates for the six months ended June 30, 2025, and 2024, were 29.5% and 60.3%, respectively. The effective tax rate for the six months ended June 30, 2025, was impacted by the mix of income and the tax effect on discrete items. The effective tax rate for the six months ended June 30, 2024 was impacted by the tax effect on goodwill impairment and the mix of income.

On July 4, 2025, the "One Big Beautiful Bill Act" (OBBBA) was signed into law in the United States. The OBBBA contains several changes to corporate taxation, including the extension of multiple tax provisions from the 2017 Tax Cuts and Jobs Act that were scheduled to expire in 2025. The Company is currently evaluating the impact of the new legislation but does not expect it to have a material impact on the results of operations.