INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The following table contains the income tax (expense) benefit recognized on the Consolidated Statements of Income and Comprehensive Income (Loss):

	Three Months Ended March 31,
	2025	2024
Income tax (expense) benefit (a)	($291)	$991

(a)The three months ended March 31, 2024 included a $1.2 million income tax benefit related to the pension settlement.

Schedule of Effective Income Tax Rate Reconciliation

The following table contains the Company’s annualized effective tax rate after discrete items for its continuing operations:

	Three Months Ended March 31,
	2025		2024
Annualized effective tax rate after discrete items (a)	(5.5	%)	18.0	%

(a)The effective tax rate for the three months ended March 31, 2024 was positive despite a pre-tax book loss, primarily due to a $1.2 million income tax benefit related to the pension settlement. This tax benefit, when applied to a pre-tax book loss, results in a positive effective tax rate.