v3.26.1
Income Tax Matters
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Tax Matters

9. Income Tax Matters

The following table presents the income tax provision by region (in millions of dollars):

 

 

 

Quarter Ended March 31,

 

 

 

2026

 

 

2025

 

Domestic

 

$

(19.3

)

 

$

(6.6

)

Foreign

 

 

(0.6

)

 

 

(0.6

)

Total

 

$

(19.9

)

 

$

(7.2

)

The income tax provision for the quarters ended March 31, 2026 and March 31, 2025 was $19.9 million and $7.2 million, respectively, reflecting an effective tax rate of 24% and 25%, respectively. There was no material difference between the effective tax rate and the blended statutory tax rate for the quarters ended March 31, 2026 and 2025.

Our gross unrecognized benefits relating to uncertain tax positions were $7.7 million and $7.4 million at March 31, 2026 and December 31, 2025, respectively. If recognized, these amounts would be reflected in our income tax provision and affect our effective tax rate.