INCOME TAXES

3 Months Ended

Jun. 30, 2023

INCOME TAXES [Abstract]

INCOME TAXES

13. INCOME TAXES

Our provision for income tax expense was $12.7 million for the three months ended June 30, 2023, as compared to $8.7 million  for the same period in the prior year. Our effective income tax rate for the three months ended June 30, 2023, was 27.2%, compared to 28.0% for the same period in the prior year, primarily due to a lower state effective tax rate. The effective tax rate for the three months ended June 30, 2023, and June 30, 2022, differed from the US federal statutory rate of 21.0% primarily due to state and local income taxes.