Income Taxes |
3 Months Ended |
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Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes For the three months ended March 31, 2026, the Company's effective tax rate was 24%. The Company reported a tax charge on pretax income, including $23.2 million of earnings recognized by foreign entities. The effective tax rate for the three months ended March 31, 2026, was negatively impacted by permanent tax differences related to stock-based compensation expense. For the three months ended March 31, 2025, the Company's effective tax rate was 18%. The Company reported a tax charge on pretax income, including $80.2 million of earnings recognized by foreign entities. The effective tax rate for the three months ended March 31, 2025, was positively impacted by excess tax deductions related to stock-based compensation expense. The Company’s effective tax rate could fluctuate on a quarterly basis due to the occurrence of significant and unusual or infrequent items, such as vesting of stock-based compensation or foreign currency gains and losses. The Company’s effective tax rate could also fluctuate due to changes in the valuation of its deferred tax assets or liabilities, or by changes in tax laws, regulations, accounting principles, or interpretations thereof. In addition, the Company is occasionally subject to examination of its income tax returns by tax authorities in the jurisdictions it operates. The Company regularly assesses the likelihood of adverse outcomes resulting from these examinations to determine the adequacy of its provision for income taxes. As of both March 31, 2026, and December 31, 2025, the amount of unrecognized tax benefits for uncertain tax positions was $20.3 million.
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