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Income Taxes (Tables) | 9 Months Ended
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Sep. 30, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense | The components of the Company's consolidated provision for income taxes from operations are as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Current income tax expense: |  |  |  |  |  |  |
Federal | $ | (76) |  |  | $ | 142 |  |  | $ | 4,705 |  |  | $ | 1,442 |
State | 133 |  |  | 291 |  |  | 747 |  |  | 486 |
Total current income tax expense | $ | 57 |  |  | $ | 433 |  |  | $ | 5,452 |  |  | $ | 1,928 |
Deferred income tax expense: |  |  |  |  |  |  |
Federal | $ | 2,744 |  |  | $ | 15,460 |  |  | $ | 15,039 |  |  | $ | 22,439 |
State | 1,121 |  |  | 424 |  |  | 2,563 |  |  | 763 |
Total deferred income tax expense | $ | 3,865 |  |  | $ | 15,884 |  |  | $ | 17,602 |  |  | $ | 23,202 |
Total income tax expense | $ | 3,922 |  |  | $ | 16,317 |  |  | $ | 23,054 |  |  | $ | 25,130 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Tax at statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Nondeductible compensation | 4.8 | % |  | 0.1 | % |  | 0.7 | % |  | 0.2 | %
Share-based compensation | (2.4) | % |  | — | % |  | (0.5) | % |  | (0.1) | %
State income taxes, net of federal benefit | (2.0) | % |  | 0.8 | % |  | 1.4 | % |  | 0.8 | %
Change in state rate (1) | 9.8 | % |  | — | % |  | 1.3 | % |  | — | %
Other | — | % |  | (0.5) | % |  | — | % |  | (0.3) | %
Effective income tax rate | 31.2 | % |  | 21.4 | % |  | 23.9 | % |  | 21.6 | %
_____________________ (1)Reflects the impact on the Company's deferred tax balance as a result of the increased apportionment to the state of New Mexico from the New Mexico Acquisition, which is a discrete item that is not expected to notably impact the Company's effective income tax rate for the full year.

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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