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INCOME TAXES
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
 Three Months Ended
June 30,		Six Months Ended
June 30,
 2025202420252024
(in thousands, except percentages)
Income tax (expense) benefit$(1,908)$(1,686)$522 $(2,245)
Effective tax rate17.7 %17.9 %12.9 %20.4 %
For the second quarter and first six months of 2025, and the second quarter and first six months 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 and current tax expense on taxable income.
In the third quarter of 2025, the Company will adopt the One Big Beautiful Bill Act, which includes provisions impacting various aspects of the Company's tax obligations, including research and development expensing and 163(j) of the Internal Revenue Code limitation changes. The impact of these changes on the Company's financial statements is being evaluated and will be disclosed in future filings.