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Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Tax Rate (Detail)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
Federal statutory income tax rate [1] 25.00% 23.50% 19.00%
Tax effect of international operations [2] (11.50%) (13.20%) (7.60%)
Change in valuation allowances 2.00% 2.20% 1.00%
Withholding taxes 1.50% 0.00% 0.00%
Excess tax benefits on stock-based compensation (1.50%) (0.10%) (0.20%)
Unrecognized tax benefits (2.70%) 0.00% 0.00%
Worthless stock deduction 0.00% (5.00%) 0.00%
Change in tax basis in foreign assets [3] 0.20% (8.00%) 0.00%
Effective tax rate 13.00% (0.60%) 12.20%
[1] The U.K. Finance Act of 2021 increased the statutory tax rate from 19.0% to 25.0%, effective April 1, 2023. Given this change, a prorated U.K. federal statutory income tax rate was utilized for 2023.
[2] The tax effect of international operations consists of non-U.K. jurisdictions.
[3] The 2023 impact primarily represents the initial recognition of tax basis in intangible assets in foreign jurisdictions and the related valuation allowance.