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INCOME TAXES
 6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company’s income tax benefit (expense) for the three and six months ended June 30, 2023 and the three and six months ended June 30, 2022 consisted of the following components:
(In thousands)Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Current tax expense$(35,161)$(38,581)$(38,646)$(42,160)
Deferred tax benefit (expense)131,518 36,799 58,898 60,587 
Income tax benefit (expense)$96,357 $(1,782)$20,252 $18,427 

The effective tax rates for the three and six months ended June 30, 2023 were 9.8% and 1.8%, 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, as well as to impairment charges to non-deductible goodwill as discussed in Note 4, Property, Plant and Equipment, Intangible Assets and Goodwill. The deferred tax benefit primarily consists of $92.9 million related to the FCC license impairment charges recorded during the period.

The effective tax rates for the three and six months ended June 30, 2022 were 10.5% and 35.4%, 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 and net operating loss carryforwards, due to uncertainty regarding the Company’s ability to utilize those assets in future periods.