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Income Taxes | 9 Months Ended
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Sep. 30, 2025
Income Tax Disclosure [Abstract] |
Income Taxes | Income Taxes The following is a summary of Income before income taxes, Provision for income taxes, and effective tax rate for the periods presented:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Income before income taxes | $ | 83,707 |  |  | $ | 58,874 |  |  | $ | 274,847 |  |  | $ | 228,779 |
Provision for income taxes | $ | 26,256 |  |  | $ | 16,522 |  |  | $ | 55,620 |  |  | $ | 44,099 |
Effective tax rate | 31.4 | % |  | 28.1 | % |  | 20.2 | % |  | 19.3 | %
For the three months ended September 30, 2025, the effective tax rate was higher compared to the same period in the prior year primarily due to the increase in discrete tax expenses recognized in the current year period. For the three months ended September 30, 2025, the Company recorded discrete tax expenses of $6,455 primarily associated with the limitation of discrete stock‑based compensation deductions on U.S. international tax provisions. For the three months ended September 30, 2024, the Company recorded discrete tax expense of $2,887. For the nine months ended September 30, 2025, the effective tax rate was higher as compared to the same period in the prior year primarily due to the decrease in discrete tax benefits recognized in the current year period. For the nine months ended September 30, 2025 and 2024, the Company recorded discrete tax benefits of $6,732 and $17,794, respectively, primarily associated with windfall tax benefits from stock‑based compensation, net of the impact from officer compensation limitation provisions.

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