Income Taxes (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Reconciliation of Income Taxes

The effective tax rates for the three and six months ended June 30, 2026 and 2025, differ from the statutory U.S. federal income tax rate of 21% primarily due to the state income taxes, excess tax benefits and other discrete items.


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Expected tax benefit at federal statutory rate	$	(2,151)	$	(2,540)	$	(6,321)	$	(4,693)
State income tax benefit, net of federal tax effect	(546)		(653)		(1,605)		(1,206)
Excess tax deficiency from share-based compensation and other expense, net	156		145		1,277		1,732
Income tax benefit	$	(2,541)	$	(3,048)	$	(6,649)	$	(4,167)