INCOME TAXES

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The income tax provision reflects an effective tax rate of approximately 47% and 24% for the three months ended June 30, 2024 and 2023, respectively, and 45% and 24% for the six months ended June 30, 2024 and 2023, respectively. The increase in the effective tax rate for the three and six months ended June 30, 2024 was primarily due to lower U.S. income and larger U.K. losses with no tax benefit for the three and six months ended June 30, 2024.