Quarterly report [Sections 13 or 15(d)]

Income Taxes (Tables)

v3.25.3
Income Taxes (Tables)
9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Calculation of Effective Tax
The calculation of our effective tax rate was as follows for the three and nine months ended September 30, 2025 and 2024 (in thousands, except percentages):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025 2024 2025 2024
Income before income taxes $ 155,179  $ 135,417  $ 458,564  $ 427,843 
Income tax expense $ 33,941  $ 28,823  $ 100,534  $ 92,243 
Effective tax rate 21.9  % 21.3  % 21.9  % 21.6  %