Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 5. INCOME TAXES The Company’s effective income tax rates of 26.2% for the three months and 26.3% for the six months ended June 30, 2026 were higher than the U.S. federal statutory rate of 21.0% primarily resulting from state income taxes and non-deductible expenses. The Company’s effective income tax rate of 25.5% for the three months ended June 30, 2025 was higher than the U.S. federal statutory rate of 21.0% primarily resulting from state income taxes and nondeductible officers’ compensation. The Company’s effective income tax rate of 24.0% for the six months ended June 30, 2025 was higher than the U.S. federal statutory rate of 21.0% primarily resulting from state income taxes and non-deductible officers’ compensation, partially offset by tax benefits from the remeasurement of deferred income tax liabilities, as a result of certain entity classification elections that were made in the first quarter of 2025, which decreased income attributable to states with higher tax rates compared to prior year.
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