Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES

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INCOME TAXES
 6 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 8. INCOME TAXES

Our forecasted annual effective tax rate (“AETR”) at June 30, 2024 was 10.5%, as compared to 4.6% at June 30, 2023. This increase was primarily driven by the increased amount of permanent differences mainly attributable to the legal expenses incurred related to the acquisition by Evolution. See Note 9.

For the six months ended June 30, 2024 and 2023, our effective tax rate (“ETR”) was 10.8% and 4.6%, respectively. The increase in the ETR for the six months ended June 30, 2024 is mainly attributable to the increase in forecasted pre-tax book income as compared to the six months ended June 30, 2023.