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INCOME TAXES
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
 Three Months Ended
March 31,
 20252024
(in thousands, except percentages)
Income tax benefit (expense)$2,430 $(559)
Effective tax rate16.4 %35.5 %
For the first quarter of 2025 and the first quarter of 2024, the effective tax rate varied from the federal statutory rate of 21% primarily due to the change in the valuation allowance, net of the current period change in tax effected net indefinite-lived intangibles.