Income Taxes

3 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

9. Income Taxes

The following table summarizes the Company’s income tax (benefit) and effective income tax rate for the three months ended December 31, 2024 and 2023.

	Three Months Ended December 31,
	2024			2023
(Loss) before income taxes	$	(14.6	)	$	(22.1	)
Income tax (benefit)		(4.2	)		(5.7	)
Effective income tax rate		28.8	%		25.8	%

The increase in the effective tax rate for the three months ended December 31, 2024, when compared to the three months ended December 31, 2023, is primarily attributable to equity-based compensation shifting to a windfall position, as a result of recent increases in the share price of the company's common stock.