v3.26.3
Income Taxes
9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table presents the provision for income taxes for the respective periods:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(dollars in thousands)2026202520262025
Provision for income taxes$56,766 $38,128 $76,895 $53,586 
Effective tax rate84.5%25.8%(34.8%)24.9%
Our effective tax rates for the three and nine months ended September 30, 2026 differed from the prior-year periods primarily due to nondeductible losses on convertible debt transactions and the related amortization of convertible debt discount. See Note 15 of “Notes to the Condensed Consolidated Financial Statements” for further information.