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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes |
Schedule of income (loss) before income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | Year Ended December 31,
​ | ​ | 2024 | ​ | 2023 |  | 2022
Domestic | $ | 70,519 | $ | 50,906 | $ | 5,321
Foreign | ​ | - | ​ | - | ​ | -
Total | $ | 70,519 | $ | 50,906 | $ | 5,321
Schedule of income tax provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | Year Ended December 31,
​ | ​ | 2024 | ​ | 2023 |  | 2022
Current Income Tax Expense | ​ | ​ | ​ | ​ | ​ | ​
Federal | $ | 1,265 | $ | 23 | $ | 1
State | ​ | 387 | ​ | 172 | ​ | 57
Total Current Income Tax Expense | ​ | 1,652 | ​ | 195 | ​ | 58
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Income Tax Expense | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | 6,363 | ​ | 5,697 | ​ | 410
State | ​ | 2,326 | ​ | 1,602 | ​ | 56
Total Deferred Income Tax Expense | ​ | 8,689 | ​ | 7,299 | ​ | 466
Total Income Tax Expense | $ | 10,341 | $ | 7,494 | $ | 524
Schedule of reconciliation of federal statutory tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands, except percentages) | ​ | Year Ended December 31,
​ | ​ | 2024 | ​ | 2023 | ​ | ​ | 2022
​ | ​ | $ | % | ​ | $ | % | ​ | ​ | $ | % | ​
Statutory Rate Applied to Income Before Taxes | $ | 14,809 | 21.0 | % | $ | 10,690 | 21.0 | % | $ | 1,117 | 21.0 | %
Effect of | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
State Taxes, Net of Federal Benefit | ​ | 2,188 | 3.1 | % | ​ | 1,444 | 2.8 | % | ​ | 113 | 2.1 | %
Noncontrolling Interest | ​ | (7,042) | (10.0) | % | ​ | (5,155) | (10.1) | % | ​ | (617) | (11.6) | %
Return to Provision | ​ | (84) | (0.1) | % | ​ | 190 | 0.4 | % | ​ | (259) | (4.9) | %
Other | ​ | 470 | 0.7 | % | ​ | 325 | 0.6 | % | ​ | 170 | 3.2 | %
Total Effective Tax Rate | $ | 10,341 | 14.7 | % | $ | 7,494 | 14.7 | % | $ | 524 | 9.8 | %
Schedule of deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​
(in thousands) | ​ | December 31,
​ | ​ | 2024 |  | 2023
Deferred Income Tax Assets | ​ |  |  |
Net Operating Losses | $ | 74,956 | $ | 81,787
Interest Expense Carryforward and Other | ​ | 7,171 | ​ | 6,727
Total Deferred Income Tax Assets | ​ | 82,127 |  | 88,514
Valuation Allowance | ​ | (608) |  | (608)
Net Deferred Income Tax Assets | ​ | 81,519 |  | 87,906
Deferred Income Tax Liabilities | ​ |  |  |
Investment in Partnership | ​ | (68,070) |  | (65,272)
Total Deferred Income Tax Liabilities | ​ | (68,070) |  | (65,272)
Net Deferred Income Tax Asset | $ | 13,449 | $ | 22,634

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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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