Income Taxes

9 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Income tax expense was $4.6 million and $1.5 million, respectively, and the effective tax rate was 29.5% and 29.8%, respectively, for the three months ended September 30, 2021 and 2020. For the nine months ended September 30, 2021 and 2020, income tax expense was $12.3 million and $4.4 million, respectively, and the effective tax rate was 29.5% and 29.7%, respectively.

At September 30, 2021 and December 31, 2020, the Company had no unrecognized tax benefits or related accrued interest.

The Company and its subsidiaries are subject to U.S. federal and various state jurisdictions income tax examinations. As of September 30, 2021, the Company is no longer subject to examination by taxing authorities for tax years before 2017 for federal taxes and before 2016 for various state jurisdictions. The statute of limitations vary by state, and state taxes other than California have been minimal and immaterial to the Company’s financial results.