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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense | For the years ended December 31, 2024, 2023, and 2022, the Company recorded income tax expense as shown below. The tax provision in future periods will vary based on current and future temporary differences, as well as future operating results.
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Current expense: |  |  |  |  |  |
Federal income taxes |  | $ | (1,379) |  |  | $ | (1,304) |  |  | $ | (1,178) |
State income taxes |  | (357) |  |  | (369) |  |  | (348) |
Current income tax expense |  | (1,736) |  |  | (1,673) |  |  | (1,526) |
Deferred benefit (expense): |  |  |  |  |  |
Federal income taxes |  | 69 |  |  | 208 |  |  | (55) |
State income taxes |  | 18 |  |  | (128) |  |  | (32) |
Deferred income tax benefit (expense) |  | 87 |  |  | 80 |  |  | (87) |
Income tax expense |  | $ | (1,649) |  |  | $ | (1,593) |  |  | $ | (1,613) |
Schedule of Effective Tax Rate Reconciliation | The Company’s effective tax rate differs from that derived by applying the applicable federal income tax rate of 21% for the years ended December 31, 2024, 2023 and 2022 as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Statutory federal income taxes |  | $ | (1,575) |  |  | $ | (1,439) |  |  | $ | (1,567) |
Statutory state income taxes, net |  | (157) |  |  | (174) |  |  | (257) |
Change in uncertain tax positions |  | (177) |  |  | (158) |  |  | (163) |
Nondeductible expenses |  | (34) |  |  | (34) |  |  | (42) |
Net income attributable to noncontrolling interest |  | 191 |  |  | 173 |  |  | 195 |
Excess stock compensation |  | (21) |  |  | 1 |  |  | 59 |
Federal tax credits |  | 56 |  |  | 75 |  |  | 76 |
Tax rate changes |  | 33 |  |  | (129) |  |  | 47 |
Other |  | 35 |  |  | 92 |  |  | 39 |
Income tax expense |  | $ | (1,649) |  |  | $ | (1,593) |  |  | $ | (1,613) |
Schedule of Deferred Tax Assets (Liabilities) | The tax effects of these temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2024 and 2023 are presented below.
|  | December 31,
|  | 2024 |  | 2023
Deferred tax assets: |  |  |  |
Carryforwards |  | $ | 642 |  |  | $ | 582 |
Accrued and other |  | 535 |  |  | 560 |
Total gross deferred tax assets |  | 1,177 |  |  | 1,142 |
Less: valuation allowance |  | (15) |  |  | (25) |
Deferred tax assets |  | 1,162 |  |  | 1,117 |
Deferred tax liabilities: |  |  |  |
Investment in partnership |  | (19,999) |  |  | (20,061) |
Accrued and other |  | (8) |  |  | (10) |
Deferred tax liabilities |  | (20,007) |  |  | (20,071) |
Net deferred tax liabilities |  | $ | (18,845) |  |  | $ | (18,954) |
Roll Forward of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits, exclusive of interest and penalties, is as follows:
BALANCE, December 31, 2022 | $ | 515 |
Activity on prior year tax positions | 13 |
Additions on current year tax positions | 154 |
Reductions on settlements with taxing authorities and expirations | (35) |
BALANCE, December 31, 2023 | 647 |
Activity on prior year tax positions | 1 |
Additions on current year tax positions | 131 |
Reductions on settlements with taxing authorities and expirations | (36) |
BALANCE, December 31, 2024 | $ | 743 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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