Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 11 - Income Taxes The determination of the Company’s overall effective income tax rate requires the use of estimates. The effective income tax rate reflects the income earned and taxed in U.S. federal and various state jurisdictions based on enacted tax law, permanent differences between book and tax items, tax credits and the Company’s change in relative income in each jurisdiction. Changes in tax laws and rates may affect recorded deferred tax assets and liabilities and the Company’s effective income tax rate in the future. As of March 31, 2026, the Company had immaterial operations outside the U.S. and as such, no foreign income tax was recorded. For the three months ended March 31, 2026 and 2025, the Company’s effective income tax rates were (41.4)% and 37.9%, respectively. For the three months ended March 31, 2026, the effective income tax rate differed from the federal statutory rate primarily due to significant investment tax credits recognized in the period, partially offset by permanent differences and state income taxes. For the three months ended March 31, 2025, the Company’s effective income tax rate differed from the federal statutory tax rate primarily due to permanent differences and state income taxes.
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