Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 6. Income Taxes The effective tax rate for the three and six months ended June 30, 2026 and 2025 differs from the United States federal statutory rate primarily due to state and local income taxes, excess tax benefits on share-based compensation and non-deductible expenses. For the three months ended June 30, 2026 and 2025, the provision for income taxes was $47.8 million and $28.3 million, or 25.6% and 32.5%, of pre-tax income, respectively. For the six months ended June 30, 2026 and 2025, the provision for income taxes was $83.6 million and $46.7 million, or 24.9% and 27.9% of pre-tax income, respectively. The effective tax rates for the three and six months ended June 30, 2026 were lower than the effective tax rates for the same periods in 2025 primarily due to a decrease in non-deductible expenses and the state and local tax rate, partially offset by decreased excess tax benefits on share-based compensation. No valuation allowance was recorded for deferred tax assets in the period ended June 30, 2026, and 2025. |