v3.26.1
Income Taxes
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense during interim periods is based on the estimated annual effective income tax rate plus any discrete items that are recorded in the period in which they occur. The Company's tax rate is affected by discrete items that may occur in any given year but may not be consistent from year to year.
The Company's effective tax rate for continuing operations was 27.3% and 21.6% for the three and six months ended June 30, 2026, respectively, and 15.1% and 15.4% for the three and six months ended June 30, 2025, respectively. The effective tax rate was higher for the three and six months ended June 30, 2026 compared to the same periods of the prior year primarily due to unfavorable permanent differences associated with increased acquisition-related expenses during the current year, as well as a prior period valuation allowance reversal for certain tax attributes which lowered the provision for income taxes during the prior periods.