Income Taxes (Tables)

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Effective Income Tax Rate Reconciliation

A reconciliation of the Company’s statutory rate to the effective tax rate (the “ETR”) for the three months ended March 31, 2025 and 2024 is as follows:

	Three Months Ended March 31,
	2025			2024
Statutory tax rate		21.0	%		21.0	%
State taxes, net of federal benefit		6.0	%		6.0	%
Section 987 regulations		(14.8	%)		—
Equity-based compensation		1.5	%		(5.4	%)
Uncertain tax position		3.9	%		2.5	%
Tax credits		(11.3	%)		(6.7	%)
Other		4.2	%		3.0	%
Effective tax rate		10.5	%		20.4	%