XML 69 R53.htm IDEA: XBRL DOCUMENT v3.22.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Reconciles the Income Tax Expense at Statutory Rates to the Actual Income Tax Expense

The following table reconciles the income tax (expense) benefit at statutory rates to the actual income tax (expense) benefit recorded (in thousands):

			Year Ended December 31,
			2021						2020						2019
Income tax (expense) benefit at federal statutory income tax rate of 21%			$	(6,513)					$	29,811					$	(1,539)
State income tax (expense) benefit, net of U.S. federal income tax benefit			(413)						4,014						(475)
Permanent differences			(238)						415						(310)
Provision to return adjustment			60						(228)						(325)
Gross receipts and margin taxes			(199)						(347)						(923)
Interest and penalties			(18)						(13)						32
Valuation allowance			1,373						(32,317)						2,322
Total income tax (expense) benefit			$	(5,948)					$	1,335					$	(1,218)

Components of Income Tax Benefit (Expense) From Continuing Operations

The components of income tax (expense) benefit are as follows (in thousands):

			Year Ended December 31,
			2021						2020						2019
Current:
Federal			$	(4,950)					$	826					$	(48)
State			(885)						(549)						(1,329)
Total current income tax (expense) benefit			(5,835)						277						(1,377)
Deferred:
Federal			(113)						927						126
State			—						131						33
Total deferred income tax (expense) benefit			(113)						1,058						159
Total income tax (expense) benefit			$	(5,948)					$	1,335					$	(1,218)

Deferred Tax Asset (Liability) and Related Valuation Allowance

At December 31, 2021 and 2020, our deferred tax asset (liability) and related valuation allowance consisted of the following (in thousands):

			December 31,
			2021						2020
Allowance for doubtful accounts			$	93					$	89
Unearned income			1,119						1,364
Federal and state net operating losses			28,553						30,687
Capital loss carryforward			7,442						7,372
Accrued expenses			1,466						1,263
Prepaid expenses			(44)						(121)
Tax property basis less than book basis			(2,302)						(2,600)
Tax derivatives basis greater than book basis			322						296
Other			1,676						1,307
Deferred tax asset (liability)			38,325						39,657
Valuation allowance			(38,810)						(40,029)
Net deferred tax asset (liability)			$	(485)					$	(372)

Summarize the Changes in the Valuation Allowance

The following table summarizes the changes in the valuation allowance (in thousands):

			Year Ended December 31,
			2021						2020						2019
Balance at beginning of year			$	40,029					$	7,712					$	10,034
Additions			—						32,317						—
Deductions			(1,219)						—						(2,322)
Balance at end of year			$	38,810					$	40,029					$	7,712

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 http://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 http://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 http://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

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ 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
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

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