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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

			Years Ended December 31,
			2024						2023						2022
Income before taxes
U.S.			$	45,497					$	69,055					$	225,640
Non-U.S.			78						168						151
			$	45,575					$	69,223					$	225,791

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of:

			Years Ended December 31,
			2024						2023						2022
Current Provision (benefit):
Federal			$	7,525					$	20,707					$	31,165
State			2,865						3,159						6,463
Non-U.S.			23						47						48
Total current provision (benefit)			$	10,413					$	23,913					$	37,676
Deferred Provision (benefit):
Federal			$	(8,192)					$	(8,886)					$	13,874
State			(795)						(427)						2,355
Non-U.S.			—						—						—
Total deferred provision (benefit)			(8,987)						(9,313)						16,229
Total income tax expense (benefit)			$	1,426					$	14,600					$	53,905

Schedule of Effective Income Tax Rate Reconciliation

The U.S. federal statutory income tax rate is reconciled to the effective income tax rate as follows:

			Years Ended December 31,
			2024						2023						2022
U.S. federal statutory income tax rate			21.0		%				21.0		%				21.0		%
U.S. state income taxes			3.4		%				2.9		%				3.1		%
U.S. state income tax rate change			0.2		%				0.2		%				—		%
Excess tax benefits of equity compensation			—		%				(1.5)		%				—		%
Executive compensation limitations			1.8		%				1.0		%				0.7		%
Research and other tax credits			(2.7)		%				(1.3)		%				(0.3)		%
Energy credits			(21.4)		%				—		%				—		%
Prior year return to provision adjustments			2.1		%				(0.4)		%				—		%
Foreign derived intangible income deduction			(1.3)		%				(0.9)		%				(0.7)		%
Other, net			—		%				0.1		%				0.1		%
Effective income tax rate			3.1		%				21.1		%				23.9		%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences which give rise to future income tax benefits and expenses are as follows:

			December 31,
			2024						2023
Deferred tax assets:
Net operating loss			$	92					$	36
Accruals and reserves			4,317						2,943
Capitalization of research expenses			7,787						6,624
Inventory			17,346						9,394
Pension obligation			—						1,726
Operating lease liability			36,931						23,031
Equity compensation			2,899						3,025
Total gross deferred tax assets			69,372						46,779
Less: Valuation Allowance			—						—
Total deferred tax assets			$	69,372					$	46,779
Deferred tax liabilities:
Property, plant & equipment			$	(163,991)					$	(160,071)
Intangibles			(10,857)						(11,156)
Operating lease asset			(36,822)						(22,981)
Pension obligation			(421)						—
Other			(2,580)						(3,630)
Total deferred tax liabilities			(214,671)						(197,838)
Net deferred taxes			$	(145,299)					$	(151,059)

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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.

+ References

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-Topic 740
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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 income before income tax between domestic and foreign jurisdictions.

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