Quarterly report pursuant to Section 13 or 15(d)

INCOME TAX

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INCOME TAX
9 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]  
INCOME TAX INCOME TAXThe Company had a tax benefit of $0.4 million and $3.5 million for the three and nine months ended September 30, 2019, respectively and is comprised of a federal benefit of $0.6 million and $2.9 for the three and nine months ended September 30, 2019, respectively and a state expense of $0.2 million for the three months ended September 30, 2019 and a state benefit of $0.6 million for the nine months ended September 30, 2019. The computed effective tax rate for the three and nine months ended September 30, 2019, is approximately 28.00% and 25.00%, respectively. The Company had a tax benefit of $2.3 million for the three months ended September 30, 2018 and a tax expense of $11.1 million for the nine months ended September 30, 2018. These amounts are comprised of federal and state income tax for the activity in the period at the statutory rates. The computed effective tax rate was approximately 28.00%.