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Income Taxes
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes
11.INCOME TAXES
The Company and its subsidiaries are based in the U.S. and file federal and various state income tax returns. The components of the provision for income taxes were as follows:
Three Months Ended March 31,
20232022
Current tax expense$4,305 $940 
Deferred tax expense2,728 5,838 
Income tax expense$7,033 $6,778 
Cash paid for income taxes$— $— 
The effective income tax rate for the three months ended March 31, 2023 was 26%. The rate varied from the statutory rate primarily as a result of state income taxes, non-deductible compensation, and other permanent differences. The Company incurred a tax rate benefit in the current quarter for increased tax deductions related to stock compensation. The Company anticipates an effective income tax rate for the full year 2023 of 28% to 29%.
As a result of the Company’s analysis, management has determined that the Company does not have any material uncertain tax positions.