v3.25.3
Income Taxes (Tables)
9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Effective Tax Rate

A reconciliation of the Company’s effective tax rate is as follows:

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Estimated annual effective tax rate before discrete items

 

 

26.4

%

 

 

(28.5

)%

 

 

26.4

%

 

 

20.6

%

Discrete items recognized

 

 

(2.0

)%

 

 

(18.1

)%

 

 

(7.2

)%

 

 

9.5

%

Effective tax rate recognized in the statements of operations

 

 

24.4

%

 

 

(46.6

)%

 

 

19.2

%

 

 

30.1

%