Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Taxes

The provision for income taxes consists of the following (in millions):

	Year Ended December 31,
	2025		2024		2023
Current:
Federal	$	(1.7)	$	19.2	$	34.8
State	0.4		7.3		11.8
Foreign	6.3		6.9		5.0
	5.0		33.4		51.6
Deferred:
Federal and State	45.5		31.8		28.5
Foreign	(1.4)		(0.3)		(1.7)
	44.1		31.5		26.8
Provision for income taxes	$	49.1	$	64.9	$	78.4

Income (Loss) before Income Tax Provision

ncome from continuing operations before income taxes consists of the following (in millions): 

	Year Ended December 31,
	2025		2024		2023
United States	$	146.5	$	222.1	$	283.5
Foreign	16.1		18.0		14.2
	$	162.6	$	240.1	$	297.7

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax (liabilities) assets are as follows (in millions):

	December 31,
	2025		2024
Intangibles	$	(250.3)	$	(215.6)
Depreciation expense	(21.6)		(4.6)
Operating lease right-of-use assets	(13.3)		(15.1)
Operating lease liabilities	14.6		16.0
Employee-related accruals	15.7		15.8
Stock-based compensation	10.9		10.0
Federal tax credit carryforward	3.8		—
Other	6.3		6.0
	$	(233.9)	$	(187.5)

__________

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the amount computed by applying the U.S. federal statutory tax rate of 21 percent to income before income taxes and the income tax provision is as follows (in millions):

	Year Ended December 31, 2025
	Amount		Percent
Income tax provision at the statutory rate	$	34.1	21.0	%
State income taxes, net of federal benefit(1)	7.0		4.3	%
Nontaxable or nondeductible items
Nondeductible executive compensation	3.4		2.1	%
Disallowed meals and entertainment expenses	1.0		0.6	%
Stock-based compensation	2.7		1.7	%
Other	3.3		2.0	%
Tax credits
Work opportunity tax credit, net	(1.7)		(1.0)	%
Other	(0.7)		(0.4)	%
	$	49.1	30.2	%

 __________

(1)The states that contribute to the majority (greater than 50%) of the tax effect in this category include California, Illinois, New York, Texas and Virginia.

	Year Ended December 31,
	2024		2023
Income tax provision at the statutory rate	$	50.4	$	62.5
State income taxes, net of federal benefit	9.9		13.6
Nontaxable or nondeductible items
Nondeductible executive compensation	1.9		4.2
Disallowed meals and entertainment expenses	1.1		1.2
Stock-based compensation	0.2		(2.6)
Tax credits
Work opportunity tax credit, net	(1.7)		(1.8)
Other	3.1		1.3
	$	64.9	$	78.4

The effective income tax rate for 2025 was 30.2 percent compared to 27.0 percent for 2024. The increase in the effective income tax rate was primarily due to higher non-deductible executive compensation related to the termination of the Company's deferred compensation plan, and tax shortfalls related to stock-based compensation arrangements. The decrease in the provision for income taxes was primarily due to lower income before income taxes in the current period.

Cash Taxes Paid [Table Text Block]

The amounts of cash paid for taxes by jurisdiction is as follows (in millions):

	2025
Federal	$	—
State
Texas	0.7
All other state	1.8
Foreign
Mexico	4.1
Canada	1.1
All other foreign	0.2
Income taxes, net of amounts refunded	$	7.9