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Income Taxes
3 Months Ended
Mar. 31, 2026
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)20262025
Benefit from income taxes$(12,119)$(11,756)
Effective tax rate25.0%29.3%
Our effective tax rate for the three months ended March 31, 2026 is lower than the prior period primarily due to nondeductible expenses related the Note Exchange Transactions in the current year described in Note 14 of “Notes to the Condensed Consolidated Financial Statements.”