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Income Taxes
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

5. Income Taxes

The Company's consolidated effective income tax rate may change periodically due to changes in enacted statutory tax rates, changes in tax law or policy, changes in the composition of taxable income from the countries in which it operates, the Company's ability to utilize net operating loss and tax credit carryforwards, and changes in unrecognized tax benefits.

The provision for income taxes on consolidated income before income taxes totaled $5,813,000 and $5,333,000 for the three months ended September 30, 2025 and 2024, respectively. The overall effective tax rate decreased to 31.9% for the three months ended September 30, 2025 compared with 36.2% for the 2024 period primarily due to improved profitability in certain jurisdictions.

The provision for income taxes on consolidated income before income taxes totaled $14,138,000 and $10,866,000 for the nine months ended September 30, 2025 and 2024, respectively. The overall effective tax rate decreased slightly to 34.4% for the nine months ended September 30, 2025 compared with 34.5% for the 2024 period primarily due to improved profitability in certain jurisdictions, net of the one-time expense of $1,328,000 relating to administrative guidance issued by a foreign tax authority.

The foreign tax administrative guidance issuance noted above also resulted in a one-time indirect tax expense of $3,122,000 for the nine months ended September 30, 2025, which is included in "Selling, general, and administrative expenses" on the unaudited Condensed Consolidated Statements of Operations.

On July 4, 2025, the One Big Beautiful Bill Act (the "OBBBA") was enacted into law in the United States. The OBBBA contains changes to key U.S. federal income tax laws. This change in U.S. tax law was accounted for in the three months ended September 30, 2025, and was immaterial to the Company's overall income tax provision.