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Income Taxes
9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes
(11)
Income Taxes

 

The Company’s effective tax rate was (26)% and (27)% for the three months ended September 30, 2023 and 2024, respectively, and (24)% and (32)% for the nine months ended September 30, 2023 and 2024, respectively. These rates differ from the federal statutory rate of 21% due to the effect of state income taxes and certain expenses that are not deductible for tax purposes.