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Income Taxes
 9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
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,
2023202220232022
(In thousands)
Current income tax expense:
Federal$(76)$142 $4,705 $1,442 
State133 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 
State1,121 424 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 
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,
2023202220232022
(In thousands)
Tax at statutory rate21.0 %21.0 %21.0 %21.0 %
Nondeductible compensation4.8 %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 rate31.2 %21.4 %23.9 %21.6 %
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(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.
The Company's federal income tax returns for the years subsequent to December 31, 2018 remain subject to examination. The Company's income tax returns in major state income tax jurisdictions remain subject to examination for various periods subsequent to December 31, 2017. The Company currently believes that all other significant filing positions are highly certain and that all of its other significant income tax positions and deductions would be sustained under audit or the final resolution would not have a material effect on the consolidated financial statements. Therefore, the Company has not established any significant reserves for uncertain tax positions.