Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 7. Income Taxes For the three and six months ended June 30, 2026, income tax expense was $3.0 million and $4.4 million, respectively. For the three and six months ended June 30, 2025, income tax expense was $4.8 million and $8.2 million, respectively. The Company’s effective tax rate for the three and six months ended June 30, 2026 were 52.4% and 49.6% compared to (199.0)% and (121.8)% for the same periods in 2025. The difference in the effective tax rate is primarily due to the change in the Company’s tax-paying components as a result of the Equity Reorganization, changes in non-deductible compensation and the related impacts to the valuation allowance. |