Income Taxes

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

During the three months ended June 30, 2026 and 2025, the Company recorded a tax provision of $25.5 million and $38.9 million, respectively, which reflects income tax expense related to income before income taxes for the periods. The effective tax rate for the three months ended June 30, 2026 and 2025 was 24.4% and 24.3%, respectively.

During the six months ended June 30, 2026 and 2025, the Company recorded a tax provision of $46.8 million and $73.7 million, respectively. The effective tax rate for the six months ended June 30, 2026 and 2025 was 24.2% and 24.1%, respectively.

The increase in the effective rate from the three and six months ended June 30, 2025 was primarily attributable to a $0.4 million and $1.0 million decrease in federal tax credits in 2026, respectively. This decrease in tax benefit resulted from The One Big Beautiful Bill Act (the “Act”), enacted on July 4, 2025, which terminated the availability of this benefit on June 30, 2026.