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INCOME TAXES
6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESFor the three months ended June 30, 2022, the Company recognized income tax expense of $7.6 million compared to $4.0 million for the same period in the prior year. The Company recognized income tax expense of $10.7 million in the first six months of 2022 compared to $5.8 million for the same period in the prior year. The effective tax rates for the first six months of 2022 and 2021 were 23.5% and 27.3%, respectively. For the first six months of 2022, the effective tax rate differs from the US Federal statutory rate of 21% primarily due to the impact of state and local taxes net of discrete items incurred related to stock-based compensation. For the first six months of 2021, the effective tax rate differs from the US Federal statutory rate of 21% primarily due to the impact of state and local taxes and discrete items incurred related to stock-based compensation.