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INCOME TAXES
 3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company’s income tax benefit (expense) for the three months ended March 31, 2023 and the three months ended March 31, 2022 consisted of the following components:
(In thousands)Three Months Ended
March 31,
20232022
Current tax expense$(3,485)$(3,579)
Deferred tax benefit (expense)(72,620)23,788 
Income tax benefit (expense)$(76,105)$20,209 
The effective tax rates for the three months ended March 31, 2023 and March 31, 2022 were (52.0)% and 29.3%, respectively. The effective tax rates were primarily impacted by the forecasted increase in valuation allowance against certain deferred tax assets, related primarily to disallowed interest expense carryforwards, due to uncertainty regarding the Company’s ability to utilize those assets in future periods.