Income Taxes (Tables)

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the Company's consolidated provision for income taxes from continuing operations are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(In thousands)
Current income tax expense:
Federal	$	142	$	2	$	1,442	$	2
State	291		284		486		52
Total current income tax expense	433		286		1,928		54
Deferred income tax expense (benefit):
Federal	15,460		(6,427)		22,439		14,202
State	424		2,204		763		(717)
Total deferred income tax expense (benefit)	15,884		(4,223)		23,202		13,485
Total income tax expense (benefit)	$	16,317	$	(3,937)	$	25,130	$	13,539

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Tax at statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
Nondeductible compensation	0.1	%	(32.1)	%	0.2	%	(1.3)	%
Transaction costs	—	%	(47.7)	%	—	%	(2.1)	%
Stock compensation	—	%	0.2	%	(0.1)	%	(0.1)	%
State income taxes, net of federal benefit	0.8	%	22.9	%	0.8	%	(1.6)	%
Change in tax status	—	%	(0.5)	%	—	%	(53.4)	%
Income subject to taxation by REP LLC's unitholders	—	%	—	%	—	%	(15.8)	%
Other	(0.5)	%	—	%	(0.3)	%	—	%
Effective income tax rate	21.4	%	(36.2)	%	21.6	%	(53.3)	%