v3.26.3
Income Taxes
9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

Note 6 Income Taxes

The Company is subject to income taxes in the United States and numerous foreign jurisdictions. The Company's income tax positions are based on interpretations of income tax laws and rulings in each of the jurisdictions that the Company operates. Significant judgment is required in determining the worldwide provision for income taxes and recording the related deferred tax assets and liabilities. The Company's deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income for the years in which the assets or liabilities are expected to be realized or settled. Interim provisions are based on an estimate of the overall annual rate which can vary due to the relationship of foreign and domestic earnings, state taxes and available deductions, credits and discrete items.

The Company's earnings before income taxes, provision for income taxes, and effective income tax rate are as follows:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

(In thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Earnings before income taxes

 

$

47,958

 

 

$

47,442

 

 

$

124,019

 

 

$

144,015

 

Provision for income taxes

 

 

12,055

 

 

 

12,365

 

 

 

31,061

 

 

 

35,956

 

Effective income tax rate

 

 

25.1

%

 

 

26.1

%

 

 

25.0

%

 

 

25.0

%