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Tax Receivable Agreement and Income Taxes (Tables)
9 Months Ended
Sep. 30, 2024
Tax Receivable Agreement and Income Taxes  
Schedule of Expense for Income Taxes and the Effective Income Tax Rates
The Company recorded a tax benefit for federal and state income tax for which the components and the effective income tax rates are as follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Income tax expense$6,606 $166 $6,132 $166 
Effective income tax rate2884.7 %4.7 %(85.1 %)4.9 %