v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s income tax provision (benefit) for the three and six months ended June 30, 2026 and 2025 is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Income tax provision (benefit)$(1,797)$11,790 $4,572 $6,190 

The effective tax rates for the three months ended June 30, 2026 and 2025 were 2.5% and 6.9%, respectively, and the effective tax rates for the six months ended June 30, 2026 and 2025 were negative 9.3% and 4.7%, respectively. The difference between the Company’s effective tax rates for the three and six months ended June 30, 2026 and 2025 and the U.S. statutory tax rate of 21% was primarily due to a valuation allowance related to the Company’s deferred tax assets, offset partially by current state tax and current foreign tax. The Company regularly evaluates the realizability of its deferred tax assets and establishes a valuation allowance if it is more likely than not that some or all of the deferred tax assets will not be realized.