Income Taxes (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
	(in thousands)
Current	$	8,763	$	4,508	$	17,849	$	8,498
Deferred	(436)		19		(563)		2,766
Income tax provision	$	8,327	$	4,527	$	17,286	$	11,264

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				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Federal statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
State income taxes, net of Federal benefit	5.0		3.4		4.7		3.0
Excess tax benefits	(1.5)		(2.2)		(1.6)		(6.0)
Return to provision adjustments	(0.4)		0.6		(0.5)		—
Other	(0.8)		(0.3)		(1.7)		(0.4)
Effective tax rate	23.3	%	22.5	%	21.9	%	17.6	%