XML 26 R16.htm IDEA: XBRL DOCUMENT v3.23.2
Income Taxes
6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes
(10)
Income Taxes

 

The Company’s effective tax rate was 32% and (7)% for the three months ended June 30, 2022 and 2023, respectively, and (13)% and (18)% for the six months ended June 30, 2022 and 2023, respectively. These rates differ from the federal statutory rate of 21% due to the effect of state income taxes and certain expenses that are not deductible for tax purposes.