Income Taxes	9 Months Ended
Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	15. Income Taxes The Company’s provision for income taxes consists of federal and state taxes, as applicable, in amounts necessary to align the Company’s year-to-date tax provision with the effective rate that it expects to achieve for the full year. Each quarter the Company updates its estimate of the annual effective tax rate and records cumulative adjustments as necessary. As of September 30, 2021, the Company has concluded that its deferred tax assets are realizable on a more-likely-than-not basis with the exception of certain federal net operating losses that are expected to expire unutilized and certain state net operating losses. -19- On March 11, 2021, the American Rescue Plan Act of 2021 (“American Rescue Plan”) was signed into law to provide additional relief in connection with the ongoing COVID-19 pandemic. The American Rescue Plan includes, among other things, provisions relating to PPP loan expansion, defined pension contributions, excessive employee remuneration, and the repeal of the election to allocate interest expense on a worldwide basis. Under ASC 740, the effects of new legislation are recognized upon enactment. The enactment of the American Rescue Plan did not impact the Company’s income tax provision. For the three and nine months ended September 30, 2021, the Company recorded an income tax provision of $265,000 and $1,484,000, respectively. The effective tax rate for the three and nine months ended September 30, 2021 was 23% and 24%, respectively. The effective tax rate differs from the statutory rate of 21% primarily related to certain permanent tax differences and state and local taxes. For the three and nine months ended September 30, 2020, the Company recorded an income tax benefit of $486,000 and an income tax provision of $39,000, respectively. The effective tax rate for the three and nine months ended September 30, 2020 was (512)% and 2%, respectively. The effective tax rate was lower than the federal statutory rate of 21% primarily due to two factors: (i) the Company recorded a discrete tax benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in order to claim a refund of previously paid taxes and (ii) the recognition of additional deferred tax assets for federal net operating losses as the Company determined that it can utilize additional net operating losses under Section 382. As of September 30, 2021 and December 31, 2020, the Company recorded an uncertain tax position of $1,103,000 and $1,105,000, respectively, related primarily to the Company’s 2017 to 2019 amended tax returns, as the anticipated tax refunds exceed the amount that meets the more-likely-than-not recognition threshold.

Income Taxes

9 Months Ended

Sep. 30, 2021

15. Income Taxes

The Company’s provision for income taxes consists of federal and state taxes, as applicable, in amounts necessary to align the Company’s year-to-date tax provision with the effective rate that it expects to achieve for the full year. Each quarter the Company updates its estimate of the annual effective tax rate and records cumulative adjustments as necessary. As of September 30, 2021, the Company has concluded that its deferred tax assets are realizable on a more-likely-than-not basis with the exception of certain federal net operating losses that are expected to expire unutilized and certain state net operating losses.

-19-

On March 11, 2021, the American Rescue Plan Act of 2021 (“American Rescue Plan”) was signed into law to provide additional relief in connection with the ongoing COVID-19 pandemic. The American Rescue Plan includes, among other things, provisions relating to PPP loan expansion, defined pension contributions, excessive employee remuneration, and the repeal of the election to allocate interest expense on a worldwide basis. Under ASC 740, the effects of new legislation are recognized upon enactment. The enactment of the American Rescue Plan did not impact the Company’s income tax provision.

For the three and nine months ended September 30, 2021, the Company recorded an income tax provision of $265,000 and $1,484,000, respectively. The effective tax rate for the three and nine months ended September 30, 2021 was 23% and 24%, respectively. The effective tax rate differs from the statutory rate of 21% primarily related to certain permanent tax differences and state and local taxes.

For the three and nine months ended September 30, 2020, the Company recorded an income tax benefit of $486,000 and an income tax provision of $39,000, respectively. The effective tax rate for the three and nine months ended September 30, 2020 was (512)% and 2%, respectively. The effective tax rate was lower than the federal statutory rate of 21% primarily due to two factors: (i) the Company recorded a discrete tax benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in order to claim a refund of previously paid taxes and (ii) the recognition of additional deferred tax assets for federal net operating losses as the Company determined that it can utilize additional net operating losses under Section 382.

As of September 30, 2021 and December 31, 2020, the Company recorded an uncertain tax position of $1,103,000 and $1,105,000, respectively, related primarily to the Company’s 2017 to 2019 amended tax returns, as the anticipated tax refunds exceed the amount that meets the more-likely-than-not recognition threshold.