XML 57 R46.htm IDEA: XBRL DOCUMENT v3.25.4
Income taxes - Schedule of Reconciliation of Effective Tax Rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
U.S. statutory tax rate, Amount $ 60,728 $ 162,490 $ 127,454
State taxes (net of federal income tax benefit), Amount 4,628 17,015 15,867
Tax credits      
Purchase of clean energy federal tax credits, Amount (4,950) (7,433) 0
Other, Amount (329) 0 0
Changes in valuation allowances, Amount 1,096 (206) (4,080)
Non-taxable or non-deductible items, Amount      
Non-deductible officers' compensation, Amount 6,423 3,375 2,897
Non-deductible transaction costs, Amount 3,687 0 (4,855)
Non-taxable Merger termination fee, Amount 0 0 (8,191)
Other, Amount (1,037) 2,448 391
Changes in unrecognized tax benefits, Amount (352) (2,491) (1,050)
Other adjustments, Amount (569) (1,254) 1,766
Total $ 69,325 $ 173,944 $ 130,199
U.S. statutory tax rate, Percent 21.00% 21.00% 21.00%
State taxes (net of federal income tax benefit), Percent 1.60% 2.20% 2.60%
Tax credits      
Purchase of clean energy federal tax credits, Percent (1.70%) (1.00%) 0.00%
Other, Percent (0.10%) 0.00% 0.00%
Changes in valuation allowances, Percent 0.40% 0.00% (0.70%)
Non-taxable or non-deductible items      
Non-deductible officers' compensation, Percent 2.20% 0.40% 0.50%
Non-deductible transaction costs, Percent 1.30% 0.00% (0.80%)
Non-taxable Merger termination fee, Percent 0.00% 0.00% (1.30%)
Other, Percent (0.40%) 0.30% 0.10%
Changes in unrecognized tax benefits, Percent (0.10%) (0.30%) (0.20%)
Other adjustments, Percent (0.20%) (0.10%) 0.30%
Effective tax rate, Percent 24.00% 22.50% 21.50%