Quarterly report [Sections 13 or 15(d)]

Income Taxes (Tables)

v3.26.1
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Calculation of Effective Tax
The calculation of our effective tax rate was as follows for the three and six months ended June 30, 2026 and 2025 (in thousands, except percentages):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026 2025 2026 2025
Income before income taxes $ 193,698  $ 148,991  $ 377,262  $ 303,385 
Income tax expense $ 39,768  $ 32,851  $ 80,430  $ 66,593 
Effective tax rate 20.5  % 22.0  % 21.3  % 21.9  %