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Income Taxes
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table presents the benefit from income taxes for the respective periods:
Three Months Ended March 31,
(dollars in thousands)20252024
Benefit from income taxes$(11,756)$(9,526)
Effective tax rate29.3 %24.4 %
Our effective tax rate for the three months ended March 31, 2025 is higher than the prior period because of an increase in the estimated annual effective tax rate combined with an increase in year-to-date discrete benefit associated with lapsed RSU awards. The estimated annual effective tax rate is higher than the prior period primarily due to changes in the estimated state tax liability and equity earnings of subsidiaries.