INCOME TAXES

6 Months Ended

Jun. 30, 2022

INCOME TAXES [Abstract]

INCOME TAXES

8. INCOME TAXES

The provision for income taxes for the three months ended June 30, 2022 and 2021 was $0.1 million, or 28.3% of pre-tax income, and approximately $0.7 million, or 23.1% of pre-tax income, respectively.  The benefit for income taxes for the six months ended June 30, 2022 was $0.5 million compared to a provision of $2.0 million for the six months ended June 30, 2021.  The provision for the three months ended June 30, 2022 and 2021 was due primarily to a pre-tax income position.  The benefit for the six months ended June 30, 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 primarily to a pre-tax income position. The effective tax rate for the six months ended June 30, 2022 was 28.2%.