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Income Taxes
 6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes
Note 4 - Income Taxes
The provision for income taxes for the three and six months ended June 30, 2022, and 2021, consists of the following:
For the Three Months Ended
June 30,		For the Six Months Ended
June 30,
2022202120222021
(in thousands)
Current portion of income tax expense:
Federal$(3,664)$— $(4,273)$—
State(2,047)— (2,351)(158)
Deferred portion of income tax (expense) benefit(81,000)162 (92,948)214
Income tax (expense) benefit$(86,711)$162 $(99,572)$56
Effective tax rate21.1 %0.1 %21.1 %— %
Recorded income tax expense or benefit differs from the amount that would be provided by applying the statutory United States federal income tax rate to income or loss before income taxes. These differences primarily relate to the effect of state income taxes, excess tax benefits and deficiencies from stock-based compensation awards, tax deduction limitations on the compensation of covered individuals, changes in valuation allowances, the cumulative effect of other smaller permanent differences, and can also reflect the cumulative effect of an enacted tax rate change, in the period of enactment, on the Company’s net deferred tax asset and liability balances. The quarterly rate and the resulting income tax (expense) benefit can also be affected by the proportional effects of forecast net income or loss and the correlative effect on the valuation allowance for each period presented, as reflected in the table above. Forecast net income had a larger impact on the effective tax rate for the three and six months ended June 30, 2022, compared with the same periods in 2021, and valuation allowance adjustments had a larger impact on the effective tax rate for the three and six months ended June 30, 2021, compared with the same periods in 2022.
For all years before 2018, the Company is generally no longer subject to United States federal or state income tax examinations by tax authorities.