v3.25.1
Income Taxes
3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s effective tax rate was 25.0% for the three months ended March 31, 2025 as compared to an effective tax rate of 22.4% for the three months ended March 31, 2024.
The effective tax rate for the three months ended March 31, 2025 was higher than the statutory federal rate of 21% primarily as a result of the impact of state income taxes and deferred taxes on unremitted earnings. The effective tax rate for the three months ended March 31, 2024 was higher than the statutory federal rate of 21% primarily as a result of state income taxes.