v3.26.3
Income Taxes
 9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
13. Income Taxes
 
Three Months Ended September 30,Nine Months Ended September 30,
thousands except percentages2026202520262025
Income tax expense (benefit)$1,503 $38,898 $54,078 $38,513 
Income (loss) before income taxes1,132 158,300 218,729 156,677 
Effective tax rate132.8 %24.6 %24.7 %24.6 %
The Company’s tax provision for interim periods is determined using an estimate of its annual current and deferred effective tax rates, adjusted for discrete items. The Company’s effective tax rate is typically impacted by non-deductible executive compensation and other permanent differences as well as state income taxes, which cause the Company’s effective tax rate to deviate from the federal statutory rate.