INCOME TAXES

3 Months Ended

Jun. 30, 2022

INCOME TAXES [Abstract]

INCOME TAXES

12. INCOME TAXES

Our provision for income tax expense was $8.7 million for the three months ended June 30, 2022, as compared to $9.1 million for the same period in the prior year. Our effective income tax rate for the three months ended June 30, 2022, was 28.0%, comparable to 27.8% for the same period in the prior year. The effective tax rate for the three months ended June 30, 2022, and June 30, 2021, differed from the US federal statutory rate of 21.0% primarily due to state and local income taxes and non-deductible executive compensation.