Income Taxes

6 Months Ended

Jun. 30, 2026

Income Taxes

Income Taxes

(11) Income Taxes

The Company’s effective tax rate for the six months ended June 30, 2026 and 2025 was 17.9% and 22.2%, respectively. The Company’s effective tax rate for the six months ended June 30, 2026 and 2025 varied from the federal statutory rate of 21.0% primarily due to the impact of a discrete tax benefit from additional tax deductions generated from employee equity awards that vested at a stock price above the grant date price during the six months ended June 30, 2026 and 2025, offset by the provision for state income taxes and the impact of non-deductible expenses.