​

  ​ ​ ​

Three Months Ended

​

​

March 31, 

(in thousands, except percentages)

  ​ ​ ​

2026

  ​ ​ ​

2025

Income tax (benefit) expense

​

$

36,195

​

$

29,367

Effective tax rate

​

​

25.4%

​

​

43.6%