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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | and Observatory TRS are taxable entities and their consolidated provision for income taxes consisted of the following for the years ended December 31, 2022, 2021 and 2020 (amounts in thousands):
| For the Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |
Federal | $ | (319) |  |  | $ | (266) |  |  | $ | 4,932 |
State and local | (227) |  |  | (347) |  |  | 2,699 |
Total current | (546) |  |  | (613) |  |  | 7,631 |
Deferred: |  |  |  |  |
Federal | (264) |  |  | 1,206 |  |  | (340) |
State and local | (736) |  |  | 1,141 |  |  | (320) |
Total deferred | (1,000) |  |  | 2,347 |  |  | (660) |
Income tax (expense) benefit | $ | (1,546) |  |  | $ | 1,734 |  |  | $ | 6,971 |
Schedule of Actual Tax Provision Differed From Federal Statutory Corporate Rate | The actual tax provision differed from that computed at the federal statutory corporate rate as follows (amounts in thousands):
| For the Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Federal tax benefit (expense) at statutory rate | $ | (583) |  |  | $ | 940 |  |  | $ | 2,544 |
State income tax benefit (expense), net of federal benefit | (963) |  |  | 794 |  |  | 2,379 |
Corporate income tax rate adjustment | — |  |  | — |  |  | 2,048 |
Income tax (expense) benefit | $ | (1,546) |  |  | $ | 1,734 |  |  | $ | 6,971 |
Schedule of Deferred Tax Assets and Liabilities | The income tax effects of temporary differences that give rise to deferred tax assets are presented below as of December 31, 2022, 2021 and 2020 (amounts in thousands):
| 2022 |  | 2021 |  | 2020
Deferred tax assets: |  |  |  |  |
Deferred revenue on unredeemed observatory admission ticket sales | $ | 535 |  |  | $ | 383 |  |  | $ | 256 |
Federal net operating loss carryforward credit | 969 |  |  | 1,393 |  |  | — |
New York State net operating loss carryforward credit | 250 |  |  | 612 |  |  | — |
New York City net operating loss carryforward credit | 233 |  |  | 704 |  |  | 334 |
Other deferred tax assets | 261 |  |  | — |  |  | — |
Deferred tax assets | $ | 2,248 |  |  | $ | 3,092 |  |  | $ | 590 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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