Income Taxes

6 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company’s income tax expense was $2.5 million and $3.5 million for the three months ended June 30, 2023 and 2022, respectively, and $5.5 million and $6.8 million for the six months ended June 30, 2023 and 2022, respectively. The effective income tax rate was 28.8% and 29.0% for the three months ended June 30, 2023 and 2022, respectively, and 28.9% and 29.1% for the six months ended June 30, 2023 and 2022, respectively.

The Company is subject to U.S. Federal income tax as well as various state taxing jurisdictions. The Company is no longer subject to examination by Federal taxing authorities for tax years prior to 2019 and for state taxing authorities for tax years prior to 2018.

There were no significant unrealized tax benefits recorded as of June 30, 2023 and 2022, and the Company does not expect any significant increase in unrealized tax benefits in the next twelve months.