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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The provision for income taxes consists of the following:
 Three Months Ended
 March 31,
2025
March 31,
2024
 (in thousands)
Current$(2,785)$8,532 
Deferred5,976 (740)
     Income tax provision$3,191 $7,792 
Schedule of Effective Income Tax Rate Reconciliation
The reconciliation of the Federal statutory income tax rate to the effective income tax rate is as follows:
 Three Months Ended
 March 31,
2025
March 31,
2024
Federal statutory rate21.0 %21.0 %
State income taxes, net of Federal benefit5.1 5.3 
Excess tax benefits related to share-based compensation (Note 14)
(22.1)(9.4)
Return to provision— (0.2)
Non-deductible executive compensation7.1 1.0 
Research and development credits(2.4)(1.4)
Other1.1 0.3 
     Effective tax rate9.8 %16.6 %