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Income Taxes (Tables) | 3 Months Ended
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Mar. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Reconciliation of Effective Tax Rate | The sources and tax effects of the differences are as follows:
| Three Months Ended March 31,
| 2024 |  | 2023
U.S. federal statutory tax rate | 21.0 | % |  | 21.0 | %
State income taxes, net of federal tax benefit | (1.4) |  |  | 0.8 |
Foreign tax rate differential | (1.5) |  |  | (0.5) |
General business credits | (11.5) |  |  | (3.4) |
IRC 162(m) limitation | (3.6) |  |  | 1.6 |
Stock-based compensation | 22.7 |  |  | 3.7 |
Bank owned life insurance income | (2.9) |  |  | (1.6) |
Bank owned life insurance surrender | 9.3 |  |  | — |
Nondeductible expenses | 2.6 |  |  | 0.8 |
Other | 0.1 |  |  | (0.1) |
Effective tax rate | 34.8 | % |  | 22.3 | %
Schedule of Income Tax Contingencies | The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is as follows:
| Three Months Ended March 31,
| 2024 |  | 2023
| (In thousands)
Beginning balance | $ | 12,109 |  |  | $ | 11,178 |
Increases related to positions taken during prior years | 1,380 |  |  | 1,260 |
Decreases related to positions settled with tax authorities | — |  |  | (90) |
Ending balance | $ | 13,489 |  |  | $ | 12,348 |
The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate | $ | 12,980 |  |  | $ | 11,917 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 19 -SubTopic 10 -Topic 740 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-19 + Details
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