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INCOME TAXES
3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company’s effective tax rate was 23.2% and 19.8% for the three months ended March 31, 2023 and 2022, respectively.
The increase in the effective tax rate for the three months ended March 31, 2023 compared to the prior year quarter was due primarily to a $18.5 million increase in income tax expense related to a change in the valuation allowance associated with the MBI Net Option, partially offset by a $4.9 million tax expense for the deferred tax liability establishment in the prior year quarter associated with the Clearwave Fiber Contribution that did not recur.