Income Taxes

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

. INCOME TAXES

The tax provision for interim periods is determined using an estimate of the Company’s annual effective tax rate, adjusted for discrete items arising during interim periods.

For the three months ended March 31, 2022 and 2021, the Company’s effective tax rate was 35.3% and 28.6%, respectively. The Company’s effective tax rate differed from the U.S. statutory tax rate primarily due to state taxes and officer excess compensation limitation.

For the three months ended March 31, 2022 and 2021, the Company recorded income tax expense of $4.9 million and $4.6 million, respectively.