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INCOME TAXES
 3 Months Ended
Mar. 31, 2025
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,
20252024
Current tax expense$14,430 $6,087 
Deferred tax expense650 1,517 
Income tax expense$15,080 $7,604 
Cash (received) paid for income taxes$(39)$— 
The effective income tax rate for the three months ended March 31, 2025 was 26.1%. The rate varied from the statutory rate primarily as a result of non-deductible compensation, state income taxes and other permanent differences. The Company incurred a $296 tax benefit for the three months ended March 31, 2025 for increased tax deductions related to stock compensation.
The Company's U.S. federal and state income tax returns for 2022 and later are open and subject to examination. Additionally, federal and state NOLs may be adjusted by the taxing authorities for the 2014 and later tax years.
Uncertain Tax Positions (“UTP”)—The Company has a UTP liability of $6,733 and an additional liability related to the UTP for penalties of $1,346 and interest of $1,269 at March 31, 2025. We recognize interest and penalties related to the UTP as administrative expense. The UTP, including penalties and interest, is fully offset by an indemnification receivable at March 31, 2025. The Company estimates that approximately $1,519 of the recorded UTP may be recognized by the end of 2025, with no material impact to the Consolidated Statement of Operations due to the associated indemnification receivable.