INCOME TAXES

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

12. INCOME TAXES

The current and deferred components of the income tax provision (benefit) included in the Consolidated Statements of Operations are as follows: 

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Current:
Federal	$	36	$	37	$	413	$	56
State and local	(213)		90		215		161
Foreign	(224)		(64)		69		(56)
Total current (benefit) provision	(401)		63		697		161
Deferred:
Federal	3,346		(1,622)		4,967		(1,467)
State and local	475		—		930		—
Foreign	(9)		(81)		303		(165)
Total deferred provision (benefit)	3,812		(1,703)		6,200		(1,632)
Provision for (benefit from) income taxes	$	3,411	$	(1,640)	$	6,897	$	(1,471)

We are taxed as a flow-through entity for U.S. income tax purposes and our taxable income or loss generated is the responsibility of our owners. Taxable income or loss generated by our corporate subsidiaries is subject to U.S. federal, state and foreign corporate income tax in locations where they conduct business.

Our effective tax rate differs from the U.S. federal tax rate of 21% primarily due to a significant portion of our income not being subject to U.S. corporate tax rates, or being deemed to be foreign sourced and thus either not taxable or taxable at effectively lower tax rates.

As of and for the six months ended June 30, 2022, we had not established a liability for uncertain tax positions as no such positions existed. In general, our tax returns and the tax returns of our corporate subsidiaries are subject to U.S. federal, state, local and foreign income tax examinations by tax authorities. Generally, we are not subject to examination by taxing authorities for tax years prior to 2018. We do not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within 12 months of the reporting date of June 30, 2022.