Quarterly report [Sections 13 or 15(d)]

Income Taxes (Tables)

v3.26.3
Income Taxes (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2026 and 2025 (in thousands, except percentages):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026 2025 2026 2025
Income before income taxes $ 210,392  $ 155,179  $ 587,654  $ 458,564 
Income tax expense $ 43,024  $ 33,941  $ 123,454  $ 100,534 
Effective tax rate 20.4  % 21.9  % 21.0  % 21.9  %