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INCOME TAXES
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
For the three months ended September 30, 2025, the Company recognized income tax expense of $11.6 million compared to income tax benefit of $108.4 million for the same period in the prior year. The Company recognized income tax expense of $87.0 million in the first nine months of 2025 compared to income tax benefit of $92.2 million for the same period in the prior year. The effective tax rates for the three- and nine-months of 2025 were 22.5% and 25.0%, respectively. For the three- and nine-month period of 2024, the effective tax rates were 24.7% and 24.6%. The effective three- and nine-month tax rates from 2025 and 2024 differ from the U.S. Federal statutory rate of 21% primarily due to the impact of state taxes.
On July 4, 2025, The One Big Beautiful Bill Act was signed into legislation and includes numerous tax incentives and provisions. The Company is evaluating the impact of the new legislation but does not expect a material impact on the consolidated financial statements.