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INCOME TAXES
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The effective tax rate for the three months ended September 30, 2025 and 2024 was approximately 38% and 68%, respectively. The effective tax rate for the nine months ended September 30, 2025 and 2024 was approximately 52% and 66%. The effective tax rate decreases for both quarter over quarter and year over year are primarily due to overall change in earnings and prior year one-time expenses related to the Bluegreen Acquisition, partially offset by other discrete items. The difference between our effective tax rate as compared to the U.S. statutory federal tax rate of 21% is primarily due to state and foreign income taxes, the jurisdictional mix of earnings, and discrete items, which are primarily related to unrecognized tax benefits and the Bluegreen Acquisition.
On July 4, 2025, the United States enacted tax reform legislation commonly known as the One Big Beautiful Bill Act (the “Act”), resulting in significant modifications to existing law. These changes include provisions that allow for accelerated tax deductions for qualified property and research expenditures. We evaluated the Act and do not expect a material impact to our effective tax rate.