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Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

12. Income Taxes

During the three months ended June 30, 2026 and 2025 and during the six months ended June 30, 2026 and 2025, the Company recognized an income tax provision of $14.3 million, $14.1 million, $23.2 million, and $25.5 million, respectively, representing an effective tax rate of 22.5%, 22.4%, 22.2%, and 21.9%, respectively.

The effective tax rates for the three months ended June 30, 2026 and 2025 and for the six months ended June 30, 2026 and 2025, were greater than the statutory tax rate of 21%, primarily due to state and local income taxes, partially offset by federal and state research and development tax credits and windfall tax benefits on share-based compensation.