Taxes on Income

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Taxes on Income

(8) Taxes on Income

At June 30, 2022 and December 31, 2021, the Company had a federal income tax receivable of $70.5 million and $71.0 million, respectively, included in Accounts Receivable – Other on the balance sheets. During the three months ended March 31, 2021, the Company received a tax refund of $119.5 million, including accrued interest, for its 2019 federal tax return related to net operating losses being carried back to offset taxable income generated between 2014 and 2017.

Earnings (loss) before taxes on income and details of the provision (benefit) for taxes on income were as follows (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2022			2021		2022		2021
Earnings (loss) before taxes on income:
United States	$	39,607		$	15,811	$	63,261	$	12,192
Foreign		29			34		174		(358	)
	$	39,636		$	15,845	$	63,435	$	11,834
Provision (benefit) for taxes on income:
Federal:
Current	$	519		$	—	$	519	$	—
Deferred		8,464			3,407		13,721		2,804
State and local:
Current		1,035			573		1,298		215
Deferred		1,015			1,506		1,614		1,576
Foreign - current		(3	)		7		91		7
	$	11,030		$	5,493	$	17,243	$	4,602