INCOME TAXES

6 Months Ended

Jun. 30, 2024

INCOME TAXES [Abstract]

INCOME TAXES

10. INCOME TAXES

Table 10: Effective Tax Rate

	For the Three Months Ended						For the Six Months Ended
	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Effective tax rate		(13.6	)%		(1.9	)%		(5.2	)%		0.2	%

Our effective income tax rate differs from the U.S. statutory federal income tax rate of 21% primarily due to accruals related to uncertain tax positions for certain foreign tax contingencies, changes in the valuation allowance in our U.S. entity, the permanent disallowance of interest expense related to disqualified debt, and discrete item adjustments for U.S. and foreign taxes.