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Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(in thousands)		2021				2020
Federal, current		$	9,875			$	63
Federal, deferred			6,584				(2,391	)
State, current			2,777				2,349
State, deferred			1,727				(2,825	)
Income tax (benefit) expense		$	20,962			$	(2,804	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

(in thousands)		2021				2020
Computed "expected" income tax expense		$	16,643			$	(3,554	)
State income taxes, net of federal income tax effect			3,787				(227	)
831(b) election			(8	)			(123	)
Per diem allowances			-				1,028
Tax contingency accruals			(295	)			65
Valuation allowance, net			(242	)			(139	)
Tax credits			(295	)			(403	)
Excess tax benefits on share-based compensation			(259	)			129
Change in prior year estimates			(86	)			288
Executive compensation disallowance			1,705				-
Other, net			11				132
Income tax (benefit) expense		$	20,962			$	(2,804	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(in thousands)		2021				2020
Deferred tax assets:
Insurance and claims		$	9,453			$	10,970
Net operating loss carryovers			4,448				7,759
Tax credits			2,499				11,395
Leased liability			9,599				9,969
Finance lease obligation			2,800				3,848
State bonus			2,165				4,860
Other			2,361				4,917
Valuation allowance			-				(242	)
Total deferred tax assets			33,325				53,476
Deferred tax liabilities:
Property and equipment			(68,090	)			(78,682	)
Investment in partnership			(34,400	)			(31,585	)
ROU Asset- leases			(9,178	)			(9,697	)
Other			(783	)			(4,353	)
481(a) - finance leases			(2,177	)			(588	)
Prepaid expenses			(3,358	)			(3,124	)
Total deferred tax liabilities			(117,986	)			(128,029	)
Net deferred tax liability		$	(84,661	)		$	(74,553	)

Summary of Income Tax Contingencies [Table Text Block]

		2021				2020
Balance as of January 1,		$	887			$	823
Increases related to prior year tax positions			-				-
Decreases related to prior year positions			-				-
Increases related to current year tax positions			-				98
Decreases related to settlements with taxing authorities			-				-
Decreases related to lapsing of statute of limitations			(291	)			(34	)
Balance as of December 31,		$	596			$	887

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.

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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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