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Income Taxes
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

Note 6 — Income Taxes

 

The Company’s income tax benefit of $0.8 million for the three months ended March 31, 2026, reflects an effective tax rate of 16.6%. The Company’s income tax benefit of $1.2 million for the three months ended March 31, 2025, reflects an effective tax rate of 32.8%. The tax benefit for the three months ended March 31, 2026 and 2025 primarily relates to the overall worldwide loss (i.e. federal, state, and foreign) partially offset by discrete items.

 

From time to time, in the normal course of business, the Company may be audited by federal, state and foreign tax authorities. At this time, the Company has at least one audit underway. The Company currently cannot assess the impact of the outcome on its condensed consolidated financial statements.