Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 6. INCOME TAXES The Company recognized an income tax provision of $9.8 million and an income tax benefit of $7.2 million for the three months ended June 30, 2026 and 2025, respectively. The income tax provision for the three months ended June 30, 2026 was primarily due to the Company’s pre-tax book income, as well as the tax impact related to stock-based compensation expense. The income tax benefit for the three months ended June 30, 2025 was primarily due to the Company's year-to-date pre-tax book loss and the annual effective tax rate impact related to stock based compensation. The Company recognized an income tax provision of $27.8 million and an income tax benefit of $20.5 million for the six months ended June 30, 2026 and 2025, respectively. The income tax provision for the six months ended June 30, 2026 was primarily due to the Company’s pre-tax book income, as well as the tax impact related to stock-based compensation expense. The income tax benefit for the six months ended June 30, 2025 was primarily due to the Company's pre-tax book loss and the annual effective tax rate impact related to stock based compensation. The Company made income tax payments of $4.2 million and $26.3 million during the three months ended June 30, 2026 and 2025, respectively. The Company received refunds from various states of $0.3 million and $0.2 million during the three months ended June 30, 2026 and 2025. The Company made income tax payments of $5.1 million and $27.3 million during the six months ended June 30, 2026 and 2025, respectively. The Company received a federal refund of $2.9 million and refunds of $0.4 million from various states during the six months ended June 30, 2026 and refunds of $0.7 million from various states during the six months ended June 30, 2025. As of June 30, 2026, unrecognized tax benefits were materially consistent with the amount as of December 31, 2025. The Company believes its liability for unrecognized tax benefits, excluding interest and penalties, will not materially change over the following twelve months. |