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Income Taxes (Tables) | 9 Months Ended
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Sep. 30, 2025
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The provision for income taxes consists of the following:
| Three Months Ended |  | Nine Months Ended
| September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
| (in thousands)
Current | $ | (17,798) |  |  | $ | 16,038 |  |  | $ | (8,166) |  |  | $ | 38,568 |
Deferred | 25,458 |  |  | (4,153) |  |  | 23,035 |  |  | (4,112) |
Income tax provision | $ | 7,660 |  |  | $ | 11,885 |  |  | $ | 14,869 |  |  | $ | 34,456 |
Schedule of Effective Income Tax Rate Reconciliation | The reconciliation of the Federal statutory income tax rate to the effective income tax rate is as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of Federal benefit | 3.1 |  |  | 4.9 |  |  | 4.2 |  |  | 5.0 |
Excess tax benefits related to share-based compensation (Note 14) | (2.2) |  |  | (7.9) |  |  | (10.9) |  |  | (6.6) |
Return to provision | (0.5) |  |  | (0.3) |  |  | 0.3 |  |  | (0.2) |
Non-deductible executive compensation | (0.1) |  |  | 1.9 |  |  | 3.4 |  |  | 1.5 |
Research and development credits | (0.9) |  |  | (1.1) |  |  | (2.1) |  |  | (1.2) |
Other | (0.5) |  |  | (0.1) |  |  | 0.5 |  |  | (0.2) |
Effective tax rate | 19.9 | % |  | 18.4 | % |  | 16.4 | % |  | 19.3 | %

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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