v3.25.2
Taxes on Income
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Taxes on Income

(8) Taxes on Income

Earnings (loss) before taxes on income and details of the provision (benefit) for taxes on income were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Earnings (loss) before taxes on income:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

124,387

 

 

$

111,091

 

 

$

224,961

 

 

$

202,745

 

Foreign

 

 

(459

)

 

 

(324

)

 

 

(690

)

 

 

(337

)

 

$

123,928

 

 

$

110,767

 

 

$

224,271

 

 

$

202,408

 

Provision (benefit) for taxes on income:

 

 

 

 

 

 

 

 

 

 

 

 

Federal:

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

$

19,642

 

 

$

9,337

 

 

$

37,808

 

 

$

19,956

 

Deferred

 

 

6,939

 

 

 

14,196

 

 

 

8,484

 

 

 

22,278

 

State and local:

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

 

2,861

 

 

 

2,935

 

 

 

6,198

 

 

 

4,557

 

Deferred

 

 

108

 

 

 

319

 

 

 

1,133

 

 

 

1,648

 

Foreign - current

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

72

 

 

$

29,550

 

 

$

26,785

 

 

$

53,623

 

 

$

48,511

 

 

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law. This legislation includes changes to U.S. federal tax law, which may be subject to further clarification and the issuance of interpretive guidance. The Company is assessing the legislation and its effect on its consolidated financial statements, which it expects to begin reflecting in the three months ended September 30, 2025.