Income Taxes (Tables)

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes

The provision for income taxes consisted of the following:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2024			2023			2024			2023
	(in thousands)
Current portion of income tax expense:
Federal	$	(10,201)		$	(3,923)		$	(23,675)		$	(6,732)
State	(1,311)			(1,173)			(2,589)			(1,716)
Deferred portion of income tax (expense) benefit	(45,615)			51,075			(116,522)			(43,171)
Income tax (expense) benefit	$	(57,127)		$	45,979		$	(142,786)		$	(51,619)
Effective tax rate	19.2		%	(26.1)		%	19.7		%	8.3		%