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

5. INCOME TAXES

The provision for income taxes for the interim periods is based on an estimate of the Company's effective tax rate adjusted to reflect the impact of discrete items. Management judgement is required in projecting ordinary income to estimate the Company's annual effective tax rate. The Company’s effective tax rate for the three months ended September 30, 2026 and 2025, was 21.8% and 21.9%, respectively. For the three months ended September 30, 2026 and 2025, the effective tax rate differs from the statutory tax rate of 21% due to state taxes, section 162(m) limitation, stock compensation, and the research and development credit.