Income Taxes

6 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Income Taxes

12. Income Taxes

The effective tax rate for operations was 28.6% and 23.1% for the three and six months ended June 30, 2025, and 26.3% and 24.3% for the three and six months ended June 30, 2024, respectively. The effective tax rates differed from the statutory federal rate of 21% primarily due to state income taxes and nondeductible executive compensation.

The change in effective tax rate during the three and six months ended June 30, 2025, as compared to 2024, is primarily attributable to the impact of state legislative changes and quarterly discrete tax items for the respective period, including state income taxes.