v3.26.3
Income Taxes
 9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The following table summarizes the provision for income taxes for continuing operations and the applicable effective tax rates:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Provision for income taxes (in thousands)$9,835 $8,724 $15,847 $25,644 
Effective tax rate32.3%20.8%30.6%23.0%
The effective tax rate for the three and nine months ended September 30, 2026 was greater than the U.S. federal statutory rate of 21% due to state taxes and nondeductible permanent differences partially offset by benefits related to tax credit generation or utilization.
The effective tax rate for the three months ended September 30, 2025 was less than the U.S. federal statutory rate of 21% due to favorable discrete items related to an excess tax benefit on stock-based compensation and the benefit of purchased tax credits that will be carried back to prior tax years.
The effective tax rate for the nine months ended September 30, 2025 was greater than the U.S. federal statutory rate of 21% due to state taxes and nondeductible permanent differences partially offset by the discrete items previously noted.