Income Taxes

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Income Tax Disclosure

The Company’s income tax expense for the three months ended March 31, 2025 and 2024 was $22.2 million and $24.8 million, respectively. The effective tax rate was 20.9% for the three months ended March 31, 2025, compared to 21.5% in the comparable prior year period. The change in the effective tax rate for the three months ended March 31, 2025 relates primarily to a discrete tax event from the sale of our investment in GB Challenger during the three months ended March 31, 2024.