v3.26.1
INCOME TAXES
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES
NOTE 17—INCOME TAXES:
Effective Tax Rate

The effective tax rate was 23.70% and 27.00% for the three months ended June 30, 2026 and June 30, 2025, respectively. The effective tax rate differs from the federal tax rate of 21% for the three months ended June 30, 2026 and June 30, 2025, primarily due to state taxes.
The effective tax rate was 22.70% and 24.16% for the six months ended June 30, 2026 and June 30, 2025, respectively. The effective tax rate differs from the federal tax rate of 21% for the six months ended June 30, 2026, due to stock compensation and investments. The effective tax rate differs from the federal tax rate of 21% for the six months ended June 30, 2025, due primarily to the recognition of the difference in basis in the Company’s investment in NTS.