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INCOME TAXES
 3 Months Ended
Mar. 31, 2025
INCOME TAXES  
INCOME TAXES

8.  INCOME TAXES

The Company determines its periodic income tax provision based upon the current period income and the annual estimated tax rate for the Company adjusted for discrete items including tax credits and changes to prior year estimates. The estimated tax rate is revised, if necessary, at the end of each successive interim period to the Company's current annual estimated tax rate.

Income tax provision for three months ended March 31, 2025 reflects an effective tax rate of 27.8 percent compared to 24.6 percent for the comparable period in the prior year. The increase in effective tax rate is primarily due to a stronger impact of unfavorable permanent adjustments on a decreased pretax income.