INCOME TAXES

9 Months Ended

Sep. 30, 2024

INCOME TAXES [Abstract]

INCOME TAXES

8. INCOME TAXES

The provision for income taxes was $1.7 million and $0.8 million for the three months ended September 30, 2024 and 2023, respectively.  The increase in tax provision was primarily driven by an increase in pre-tax income.

The provision for income taxes was $1.1 million and $7.0 million for the nine months ended September 30, 2024 and 2023, respectively.  The decrease in provision was primarily driven by a gain in the prior year due to the sale of the Nashville, Tennessee property during the second quarter of 2023, which drove an increase in the Company’s pre-tax income.