Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 15. Income Taxes For the three and six months ended June 30, 2026, the Company recorded income tax expense of $21.1 million and $23.9 million, respectively. For the three and six months ended June 30, 2025, the Company recorded income tax expense of $13.4 million and $24.0 million, respectively. The effective tax rate was approximately 28.8% and 25.4% for the three and six months ended June 30, 2026, compared to 25.2% and 25.2% for the three and six months ended June 30, 2025, respectively. The difference between the Company’s effective tax rate for the three and six months ended June 30, 2026, and the U.S. statutory tax rate of 21%, was primarily due to state income taxes, nondeductible executive compensation, and stock based compensation windfall. The Company’s effective tax rate for the three and six months ended June 30, 2025, differs from the U.S. statutory tax rate of 21% is primarily due to state income taxes. The Company did not have any uncertain tax benefits as of June 30, 2026, and December 31, 2025. For the three and six months ended June 30, 2026 and 2025, the Company had no accrued interest or penalties related to uncertain tax positions, and no amounts were recognized in the condensed consolidated statements of operations.
|