Income Taxes (Tables)

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes consists of the following:

	Three Months Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
	(in thousands)
Current	$	9,365	$	6,543	$	9,086	$	3,990
Deferred	(5,188)		(1,911)		(127)		2,747
Income tax provision	$	4,177	$	4,632	$	8,959	$	6,737

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the Federal statutory income tax rate to the effective income tax rate is as follows:

	Three Months Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Federal statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
State income taxes, net of Federal benefit	6.3		(0.2)		4.5		3.0
Excess tax benefits	(1.0)		(1.9)		(1.7)		(7.8)
Return to provision adjustments	(1.2)		(0.3)		(0.6)		(0.3)
Other	(4.3)		(0.3)		(2.3)		(0.5)
Effective tax rate	20.8	%	18.3	%	20.9	%	15.4	%