Income Taxes

3 Months Ended

Mar. 31, 2023

Income Taxes [Abstract]

Income Taxes

16. Income Taxes

Our effective income tax rate for the three months ended March 31, 2023 and 2022 was 1.3% and 21.8%, respectively.  During the three months ended March 31, 2023 we recorded a full valuation allowance of $39.0 million against our net deferred tax assets primarily due to recent net losses, including the current period net loss. (See Note 2).   The effective rate for the three months ended March  31, 2022 varied from the statutory tax rates primarily due to tax exempt interest income.