INCOME TAXES

9 Months Ended

Sep. 30, 2022

INCOME TAXES

INCOME TAXES

NOTE 13—INCOME TAXES

The Company’s income tax information is presented in the table below. The effective tax rate is different than the 21% standard Federal rate due to net income allocated to noncontrolling interests, state income taxes and valuation allowances.

	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
	(in thousands)
Current income tax expense (benefit)	$	284	$	63	$	729	$	(122)
Deferred income tax benefit		(8)		(95)		(57)		(89)
Total income tax expense (benefit)	$	276	$	(32)	$	672	$	(211)
Effective Tax Rate		1.1%		0.2%		1.4%		0.3%