Income Taxes |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 11 - Income Taxes The determination of the Company’s overall effective income tax rate requires the use of estimates. The effective income tax rate reflects the income earned and taxed in U.S. federal and various state jurisdictions based on enacted tax law, permanent differences between book and tax items, tax credits and the Company’s change in relative income in each jurisdiction. Changes in tax laws and rates may affect recorded deferred tax assets and liabilities and the Company’s effective income tax rate in the future. As of June 30, 2026, the Company had immaterial operations outside the U.S. and as such, no foreign income tax was recorded. For the three and six months ended June 30, 2026, the Company’s effective income tax rate of 7.7% and (4.7)%, respectively, differed from the federal statutory rate primarily as a result of investment tax credits recognized in the period, partially offset by discrete tax items, permanent differences and state income taxes. The Company’s tax provision for the six months ended June 30, 2026 includes a discrete tax expense of $122 thousand related to stock-based compensation shortfalls and $98 thousand related to the remeasurement of deferred tax assets associated with executive compensation. For the three and six months ended June 30, 2025, the Company’s effective tax rate of 50.5% and 28.7%, respectively, differed from the federal statutory rate primarily as a result of permanent differences and state income taxes, partially offset by tax credits.
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