Income Taxes

3 Months Ended

Mar. 31, 2026

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The consolidated income taxes for the three months ended March 31, 2026 and 2025, were determined based upon the Company’s estimated consolidated effective income tax rates calculated without discrete items for the years ending December 31, 2026 and 2025, respectively, and then adjusting for any discrete items.

The Company’s effective tax rates for the three months ended March 31, 2026 and 2025 were 26.9% and 27.5%, respectively.

The difference between the consolidated effective income tax rate and the U.S. federal statutory rate for the three months ended March 31, 2026 is primarily attributable to state income taxes and other permanent items.

In July 2025, the One Big Beautiful Bill Act (OBBBA), was enacted into law in the United States. The legislation includes several provisions that may impact the timing and magnitude of certain tax deductions. The Company has assessed the effects of the OBBBA and concluded there is no material impact on the tax rate for the three months ended March 31, 2026.