v3.26.1
Income Taxes
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company recorded $17.0 million and $32.0 million of income tax expense for the three and six months ended June 30, 2026, respectively, and $20.0 million and $37.9 million for the three and six months ended June 30, 2025, respectively. The Company’s effective tax rate was 26.6% and 29.9% for the three and six months ended June 30, 2026, respectively, and 29.4% for both the three and six months ended June 30, 2025.
The effective tax rate for the three and six months ended June 30, 2026 and 2025 was higher than the US federal statutory rate of 21% primarily due to state and provincial taxes, non-deductible executive compensation and a discrete tax expense related to equity compensation.