INCOME TAXES

6 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 8. INCOME TAXES

On a quarterly basis, we estimate what our effective tax rate will be for the full fiscal year and record a quarterly income tax provision based on the anticipated rate. As the year progresses, we refine our estimate based on the facts and circumstances, including discrete events.

Our effective tax rate for the three and six months ended June 30, 2025 was 35% and 25%, respectively. Our effective tax rate for the three and six months ended June 30, 2024 was 12% and 21%, respectively. The primary drivers of the increase in effective tax rate were changes in pretax (loss) income and taxes on foreign entities.