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Income Taxes
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes
12.
Income Taxes

The Company determines its interim income tax provision by applying the estimated effective income tax rate expected to be applicable for the full fiscal year to the income before income taxes for the period. In determining the full year effective tax rate estimate, the Company does not include the estimated impact of unusual and/or infrequent items, which may cause significant variations in the expected relationship between income tax expense (benefit) and pre-tax income (loss). Significant judgment is exercised in determining the income tax provision due to transactions, credits and estimates where the ultimate tax determination is uncertain.

The Company’s U.S. federal statutory corporate income tax rate was 21% as of June 30, 2025. For the three and six months ended June 30, 2025, the Company recorded a provision for income taxes of $2.0 million and $7.4 million, respectively, which resulted in an effective tax rate of 333.3% and 34.7%, respectively. The differences between the U.S. federal statutory and effective tax rates before discrete items are primarily attributable to changes in valuation allowances, state taxes and global intangible low-taxed income for the three months ended June 30, 2025. For the three and six months ended June 30, 2024, the Company recorded a benefit from income taxes of $0.7 million and a provision for income taxes of $2.8 million, respectively, which resulted in an effective tax rate of 20.0% and 25.5%, respectively.

Liabilities for unrecognized tax benefits were $1.8 million and $1.5 million as of June 30, 2025 and December 31, 2024, respectively, and are included within other noncurrent liabilities in the condensed consolidated balance sheets. Associated interest and penalties were not significant as of June 30, 2025 and December 31, 2024.