INCOME TAXES

9 Months Ended

Sep. 30, 2023

INCOME TAXES [Abstract]

INCOME TAXES

8. INCOME TAXES

The provision for income taxes was $0.8 million, or 27.7% of pre-tax income for the three months ended September 30, 2023 compared to a provision for income taxes of $1.3 million, or 26.8% of pre-tax income in the prior year comparable period.  For the nine months ended September 30, 2023, the provision for income taxes was $7.0 million, or 26.7% of pre-tax income compared to a provision for income taxes of $0.8 million, or 15.7% of pre-tax income in the comparable prior year period.  The lower provision in the current quarter was driven by a decrease in pre-tax income.  The provision for income taxes for the nine months ended September 30, 2023 was primarily driven by a pre-tax income position, resulting from a gain of $30.9 million in the current year, resulting from the sale of the Nashville, Tennessee campus.