Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company's income tax provision was an expense of $16.1 million, which equates to an effective tax rate of 21.6%, and $15.2 million, which equates to an effective tax rate of 20.5%, for the three months ended March 31, 2026 and 2025, respectively. At March 31, 2026 and December 31, 2025, the Company had no accrual for unrecognized tax benefits. As of March 31, 2026, the Company had no ongoing or pending federal examinations for prior years. The Company has outstanding federal income tax refund claims for the 2016 and 2018 tax years. At March 31, 2026, the refund claims totaled $10.0 million and were included in other current assets on the Company's unaudited condensed consolidated balance sheet. These refund claims are subject to ongoing Joint Committee on Taxation reviews, as well as a statute waiver through December 31, 2026 that has been agreed to for the years 2016 through 2018. At March 31, 2026, interest income receivable related to the refund claim totaled $2.2 million, which was included in other current assets. During the three months ended March 31, 2026, the Company accrued $0.1 million of interest income related to the refund claim, which was included in the Company's income tax expense. The Company's tax years from 2021 through 2025 remain open to examination by federal and state taxing authorities.
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