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INCOME TAXES
 6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Income tax expense was approximately $66,000 and $96,000 with effective tax rates of (6.9)% and (1.8)% for the three months ended June 30, 2023 and 2022, respectively. For the three months ended June 30, 2023 and 2022, the effective rates differ from the statutory rate primarily due to the full valuation allowance recorded on the net operating loss (“NOL”) generated during the period.

Income tax (benefit) expense was approximately $(2,201,000) and $166,000 with effective tax rates of 32.6% and (1.5)% for the six months ended June 30, 2023 and 2022, respectively. For the six months ended June 30, 2023, the effective rate differs from the statutory rate primarily due to the reversal of the Company’s liability for uncertain tax positions, including accrued interest and penalties of approximately $2.1 million which were sustained upon the completion in January 2023 of the IRS examination of the Company's 2018 through 2020 income tax returns, partially offset by a valuation allowance on the NOL and net deferred tax assets generated during the period. For the six months ended June 30, 2022, the effective rate differs from the
statutory rate primarily due to the full valuation allowance recorded on the NOL generated during the period, combined with interest and penalties on uncertain tax positions.