INCOME TAXES

3 Months Ended

Mar. 31, 2026

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The following table provides the income tax expense (amounts in thousands) and effective tax rates for the periods indicated:

	Three Months Ended
	March 31, 2026			March 31, 2025
Income tax expense	$	25,398		$	10,389
Effective tax rate	8.3		%	8.4		%

The effective tax rate for the three months ended March 31, 2026, included a $33.7 million discrete benefit for a change in a foreign tax rate. The effective tax rate for the three months ended March 31, 2025, included a $12.0 million discrete benefit, net of valuation allowance, for additional recoverable basis in foreign jurisdictions and a $1.7 million discrete benefit related to a withholding tax refund on a foreign royalty.