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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

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,
			2023						2022						2021
Income tax (expense) benefit at federal statutory income tax rate of 21%			$	(761)					$	(9,291)					$	(6,513)
State income tax (expense) benefit, net of U.S. federal income tax benefit			(311)						(1,219)						(413)
Permanent differences			(168)						(2,342)						(238)
Provision to return adjustment			15						1,971						60
Gross receipts and margin taxes			(958)						(506)						(199)
Interest and penalties			184						(199)						(18)
Valuation allowance			1,099						5,250						1,373
Total income tax (expense) benefit			$	(900)					$	(6,336)					$	(5,948)

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,
			2023						2022						2021
Current:
Federal			$	(195)					$	(4,616)					$	(4,950)
State			(733)						(1,773)						(885)
Total current income tax (expense) benefit			(928)						(6,389)						(5,835)
Deferred:
Federal			28						53						(113)
State			—						—						—
Total deferred income tax (expense) benefit			28						53						(113)
Total income tax (expense) benefit			$	(900)					$	(6,336)					$	(5,948)

Deferred Tax Asset (Liability) and Related Valuation Allowance

At December 31, 2023 and 2022, our deferred tax asset (liability) and related valuation allowance consisted of the following (in thousands):

			December 31,
			2023						2022
Deferred tax assets:
Allowance for doubtful accounts			$	274					$	104
Unearned income			812						950
Federal and state net operating losses			23,071						22,367
Capital loss carryforward			5,659						7,440
Accrued expenses			1,598						1,781
Tax derivatives basis greater than book basis			307						315
Operating lease liability			2,295						2,368
Other			271						321
Deferred tax assets			34,287						35,646
Valuation allowance			(29,302)						(31,205)
Net deferred tax asset			4,985						4,441
Deferred tax liabilities:
Prepaid expenses			(31)						(22)
Investment in partnership			(487)						—
Operating lease right-of-use assets			(2,295)						(2,368)
Tax property basis less than book basis			(2,576)						(2,483)
Deferred tax liabilities			(5,389)						(4,873)
Net deferred tax asset (liability)			$	(404)					$	(432)

Summarize the Changes in the Valuation Allowance

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

			Year Ended December 31,
			2023						2022						2021
Balance at beginning of year			$	31,205					$	38,810					$	40,029
Additions			—						—						—
Deductions			(1,903)						(7,605)						(1,219)
Balance at end of year			$	29,302					$	31,205					$	38,810

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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.

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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.

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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.

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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.

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