v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company's effective tax rate for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands, except percentages):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Income before income taxes$88,326$61,128$128,862$74,504
Income tax expense29,38515,41538,14919,727
Effective tax rate33.3 %25.2 %29.6 %26.5 %
The relationship between Income before income taxes and Income tax expense for the three and six months ended June 30, 2026 and 2025 was impacted by the Company's pretax income, mix of income from different taxing jurisdictions and the timing and amount of discrete items.
Each interim period is considered an integral part of the annual period and tax expense or benefit is measured using an estimated annual effective income tax rate. The estimated annual effective tax rate for the full year is applied to the respective interim period, taking into account year-to-date amounts and projections for the remainder of the year. Since the Company operates in foreign countries with varying tax rates, the Company’s quarterly effective tax rate is dependent, in part, on the level of income or loss from its international operations.