Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes We recognized income tax expense of $10.9 million and $12.1 million for the three months ended September 30, 2026 and 2025, respectively, based on the quarter-to-date pre-tax income. We recognized income tax expense of $43.0 million and $43.5 million for the nine months ended September 30, 2026 and 2025, respectively, based on the year-to-date pre-tax income. Our effective income tax rate was 26.1% and 28.3% for the three months ended September 30, 2026 and 2025, respectively. Our effective income tax rate was 27.2% and 32.1% for the nine months ended September 30, 2026 and 2025, respectively. Differences in the effective tax rate and statutory federal income tax rate of 21% are primarily driven by the impact of certain limitations on the deductibility of stock-based compensation recognized for financial reporting purposes as well as state income taxes and research and development credits claimed.
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