INCOME TAXES

3 Months Ended

Mar. 31, 2022

INCOME TAXES [Abstract]

INCOME TAXES

8. INCOME TAXES

The benefit for income taxes for the three months ended March 31, 2022 was $0.6 million, or 173.7% of pretax loss compared to a provision for income taxes for the three months ended March 31, 2021 of $1.2 million, or 21.7% of pretax income.  The benefit for the three months ended March 31, 2022 was due primarily to a pre-tax book loss and a discrete item relating to restricted stock vesting, while the provision in the prior year was due to the release of the valuation allowance as of December 31, 2020.  The effective tax rate for the three months ending March 31, 2022 was 28.2%.