XML 55 R41.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Taxes |
Schedule of components of the income tax (benefit) provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Current: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | (483) | ​ | $ | 1,065 | ​ | $ | —
State | ​ |  | (644) | ​ |  | (205) | ​ |  | (71)
Total current | ​ |  | (1,127) | ​ |  | 860 | ​ |  | (71)
Deferred | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ |  | 285 | ​ |  | 8,561 | ​ |  | 1,433
State | ​ |  | — | ​ |  | 852 | ​ |  | 327
Total deferred | ​ |  | 285 | ​ |  | 9,413 | ​ |  | 1,760
Income tax (expense) benefit | ​ | $ | (842) | ​ | $ | 10,273 | ​ | $ | 1,689
​
Schedule of significant deferred tax assets and deferred tax liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2022 | ​ | 2021
Deferred tax assets |  | ​ |  |  | ​ |
Accrued expenses and other | ​ | $ | 1,230 | ​ | $ | 1,080
Unrealized gain/loss on investments | ​ | ​ | 1,296 | ​ | ​ | —
Stock-based compensation | ​ | ​ | 1,626 | ​ | ​ | 1,753
Deferred revenue | ​ |  | 49,053 | ​ |  | 37,108
Goodwill | ​ |  | 6,378 | ​ |  | 357
Operating lease liabilities | ​ | ​ | 1,071 | ​ | ​ | 1,126
Loss and loss adjustment reserves | ​ | ​ | 16,392 | ​ | ​ | 11,971
Net operating losses | ​ |  | 100,920 | ​ |  | 87,802
Disallowed interest | ​ |  | 5,676 | ​ |  | 5,098
Research and development capitalized costs | ​ | ​ | 521 | ​ | ​ | —
Valuation allowance | ​ |  | (117,568) | ​ |  | (88,613)
Total deferred tax assets | ​ |  | 66,595 | ​ |  | 57,682
Deferred tax liabilities | ​ |  |  | ​ |  |
Property and equipment | ​ | ​ | (87) | ​ | ​ | (50)
Intangibles | ​ | ​ | (3,614) | ​ | ​ | (10,660)
Operating lease right-of-use assets | ​ | ​ | (1,026) | ​ | ​ | (1,091)
Deferred policy acquisition costs | ​ | ​ | (1,907) | ​ | ​ | (857)
Reinsurance balance due | ​ | ​ | (59,794) | ​ | ​ | (44,197)
Internally developed software | ​ |  | (590) | ​ |  | (1,180)
Total deferred tax liabilities | ​ |  | (67,018) | ​ |  | (58,035)
Net deferred tax liabilities | ​ | $ | (423) | ​ | $ | (353)
​
Schedule of reconciliation of the income tax (benefit) provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
Tax computed at federal statutory rate | ​ | $ | 32,701 | ​ | $ | 24,492 | ​ | $ | 11,702
State tax, net of federal tax benefit | ​ |  | 4,879 | ​ |  | 5,531 | ​ |  | 2,097
Loss on impairment | ​ |  | (3,836) | ​ |  | — | ​ |  | —
Equity compensation | ​ |  | (3,939) | ​ |  | 12,821 | ​ |  | 1,148
Officer compensation | ​ | ​ | (860) | ​ | ​ | (5,306) | ​ | ​ | (176)
Debt transactions | ​ |  | 4,808 | ​ |  | (1,791) | ​ |  | 824
Enacted tax rate changes | ​ |  | 90 | ​ |  | 123 | ​ |  | 159
Return to provision | ​ |  | (6,533) | ​ |  | (648) | ​ |  | 502
Valuation allowance | ​ |  | (27,724) | ​ |  | (25,296) | ​ |  | (13,764)
Other | ​ |  | (428) | ​ |  | 347 | ​ |  | (803)
Income tax benefit (expense) | ​ | $ | (842) | ​ | $ | 10,273 | ​ | $ | 1,689
​

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration