INCOME TAXES

3 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 15 – INCOME TAXES

The income tax provision effective tax rates were 8.6% and 37.0% for the three months ended June 30, 2023 and 2022, respectively. During the three months ended June 30, 2023, the effective tax rate differed from the U.S. federal statutory rate primarily due to employee stock awards. For the three months ended June 30, 2022 the effective tax rate differed from the U.S. federal statutory rate due to state income taxes and employee stock awards.

The Company has never had an Internal Revenue Service audit; therefore, the tax periods ended March 31, 2021, 2022 and 2023 are subject to audit.