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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consisted of the following (in thousands):

			Year Ended December 31,
			2024						2023						2022
Current:
U.S.—Federal			$	—					$	—					$	—
U.S.—State			(2,380)						10,883						362
Foreign			—						—						73
Deferred:
U.S.—Federal			(5,528)						(133,979)						236
U.S.—State			2,212						7,760						39
Total			$	(5,696)					$	(115,336)					$	710

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense was different from the amounts computed by applying U.S. Federal income tax rate to pretax income as a result of the following:

			Year Ended December 31,
			2024						2023						2022
Federal statutory rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal benefit			(0.9)		%				2.9		%				0.1		%
Change in valuation allowance related to current activity			—		%				(45.3)		%				(21.3)		%
Permanent items			1.6		%				0.4		%				0.4		%
Equity Method Investment Recovery			2.5		%				—		%				—		%
Non-deductible executive compensation			(9.8)		%				—		%				—		%
Other			0.7		%				2.2		%				—		%
Actual income tax rate			15.1		%				(18.8)		%				0.2		%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) are comprised of the following (in thousands):

			December 31,
			2024						2023
Deferred tax assets:
Net operating loss			$	257,394					$	244,243
Environmental credit obligations			8,875						11,280
ROU Liabilities			109,436						87,686
Other			21,567						13,313
Total deferred tax assets			397,272						356,522
Valuation allowance			(52,741)						(52,755)
Net deferred tax assets			344,531						303,767
Deferred tax liabilities:
Inventory			3,480						2,681
Property and equipment			105,612						90,882
Intangible assets			2,223						511
ROU Assets			110,053						89,087
Total deferred tax liabilities			221,368						183,161
Total deferred tax assets, net (1)			$	123,163					$	120,606

______________________________________________________

(1)As of December 31, 2024 and 2023, deferred tax assets, net, is included in Other long-term assets on our consolidated balance sheets.

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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

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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

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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

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-Topic 740
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

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