Income Taxes

6 Months Ended

Jun. 30, 2025

Income Taxes

Income Taxes

(11) Income Taxes

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

The Company’s effective tax rate for the six months ended June 30, 2024 was 25.5%. The Company’s effective tax rate for the six months ended June 30, 2024 varied from the federal statutory rate of 21.0% primarily due to the provision for state income taxes and the impact of non-deductible expense, partially offset by a discrete tax benefit from additional tax deductions generated from employee equity awards that vested during the six months ended June 30, 2024.