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Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

(in thousands)		2023				2022				2021
Federal, current		$	(1,132	)		$	16,123			$	9,875
Federal, deferred			16,624				12,774				6,584
State, current			2,575				5,136				2,777
State, deferred			(456	)			827				1,726
Income tax expense		$	17,611			$	34,860			$	20,962

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

(in thousands)		2023				2022				2021
Computed "expected" income tax expense		$	15,170			$	29,986			$	16,643
State income taxes, net of federal income tax effect			1,674				4,711				3,787
Per diem allowances			862				-				-
Tax contingency accruals			(287	)			(230	)			(295	)
Valuation allowance, net			-				-				(242	)
Tax credits			(329	)			(379	)			(295	)
Excess tax benefits on share-based compensation			(1,811	)			(446	)			(259	)
Change in prior year estimates			8				(145	)			(86	)
Executive compensation disallowance			2,370				1,778				1,705
Other, net			(46	)			(415	)			4
Income tax expense		$	17,611			$	34,860			$	20,962

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

(in thousands)		2023				2022
Deferred tax assets:
Insurance and claims		$	7,958			$	9,320
Net operating loss carryovers			14,550				3,583
Tax credits			347				416
Leased liability			10,796				16,292
Finance lease obligation			1,416				1,360
State bonus			6,760				2,945
Accrued bonus			3,198				-
Other			4,922				5,206
Total deferred tax assets			49,947				39,122
Deferred tax liabilities:
Property and equipment			(96,208	)			(74,481	)
Investment in partnership			(50,613	)			(42,151	)
ROU Asset- leases			(10,371	)			(14,836	)
Intangibles			(4,088	)			(1,502	)
Other			(563	)			(894	)
Prepaid expenses			(4,199	)			(3,974	)
Total deferred tax liabilities			(166,042	)			(137,838	)
Net deferred tax liability		$	(116,095	)		$	(98,716	)

Summary of Income Tax Contingencies [Table Text Block]

		2023				2022				2021
Balance as of January 1,		$	392			$	596			$	887
Decreases related to lapsing of statute of limitations			(287	)			(204	)			(291	)
Balance as of December 31,		$	105			$	392			$	596

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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