Income Taxes

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Income Tax

Income Taxes

The effective tax rate was 30.2% for the three months ended March 31, 2025, compared to 15.0% for the three months ended March 31, 2024. The increase in the effective tax rate for the three months ended March 31, 2025 was primarily attributable to non-deductible expenses related to the Brigit acquisition. Additionally, in the three months ended March 31, 2024 we recorded a favorable adjustment related to foreign deferred tax assets that did not reoccur in the three months ended March 31, 2025.