v3.26.1
Income Tax Expense (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)

The following table summarizes the Company’s income tax expense and effective tax rates for the three and six months ended June 30, 2026 and 2025:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

2025

 

 

2026

 

2025

 

 

(in thousands)

 

 

(in thousands)

Income before income taxes

$

15,948

$

22,308

 

$

79,087

$

62,024

Income tax expense

 

12,521

 

21,576

 

 

60,613

 

52,891

Effective tax rate

 

78.5%

 

96.7%

 

 

76.64%

 

85.3%