Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes Income tax expense increased $20.1 million to $38.7 million for the three months ended June 30, 2026 compared to $18.6 million for the three months ended June 30, 2025. The Company’s effective income tax rate ("ETR") was 23.6% for the three months ended June 30, 2026 compared to 19.9% for the three months ended June 30, 2025. Income tax expense increased $22.6 million to $62.8 million for the six months ended June 30, 2026 compared to $40.2 million for the six months ended June 30, 2025. The Company’s ETR was 23.3% for the six months ended June 30, 2026 compared to 18.7% for the six months ended June 30, 2025. The ETR for the three and six months ended June 30, 2026 differed from the U.S. statutory tax rate primarily due to the U.S. taxation of foreign income, state income taxes and the Company's jurisdictional mix of earnings, partially offset by the impact of the U.S. deduction for foreign derived intangible income and federal and state tax credits. The ETR for the three and six months ended June 30, 2025 differed from the U.S. statutory tax rate primarily due to the impact of the U.S. deduction for foreign derived intangible income and federal and state tax credits, partially offset by the U.S. taxation of foreign income, state income taxes and the Company's jurisdictional mix of earnings.
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