XML 34 R28.htm IDEA: XBRL DOCUMENT v3.25.1
Income Taxes (Tables)
6 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Summary of Income Taxes

(in thousands)

 

Three months ended

 

 

Six months ended

 

 

 

March 31, 2025

 

 

March 31, 2024

 

 

March 31, 2025

 

 

March 31, 2024

 

Income before income taxes

 

$

205,249

 

 

$

145,745

 

 

$

298,403

 

 

$

231,344

 

Provision for income taxes

 

$

42,605

 

 

$

31,300

 

 

$

53,527

 

 

$

50,512

 

Effective income tax rate

 

 

21

%

 

 

21

%

 

 

18

%

 

 

22

%

The effective tax rate for the six months ended March 31, 2025 was lower than the effective tax rate for the corresponding prior-year period primarily due to changes in the geographic mix of income before taxes. Additionally, for the six months ended March 31, 2025 and March 31, 2024, rates were impacted by a benefit of $10.4 million and an expense of $3.6 million, respectively, associated with the impact of changes in tax reserves related to prior years in foreign jurisdictions.