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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Provision for income tax expense included in the financial statements(in thousands) |
|  | Year ended |  | Year ended |
|  | December 31, |  | December 31, |
|  | 2018 |  | 2017 |
Included in Net income: |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 524 |  |  |  | 7,350 |  |
Discontinued operations |  |  | 45,286 |  |  |  | (21 | ) |
|  |  | 45,810 |  |  |  | 7,329 |  |
Comprehensive income |  |  | (275 | ) |  |  | (14 | ) |
Total tax expense |  | $ | 45,535 |  |  |  | 7,315 |  |
Provision for income tax expense (in thousands) |
|  | Year ended |  | Year ended |
|  | December 31, |  | December 31, |
|  | 2018 |  | 2017 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 28,512 |  |  |  | (1,779 | ) |
State |  |  | 15,024 |  |  |  | (433 | ) |
|  |  | 43,536 |  |  |  | (2,212 | ) |
Deferred |  |  | 1,999 |  |  |  | 9,527 |  |
Total |  | $ | 45,535 |  |  |  | 7,315 |  |
Income tax reconciliation at statutory Federal income tax rate (in thousands) |
|  | Year ended |  | Year ended
|  | December 31, |  | December 31,
|  | 2018 |  | 2017
Amount computed at statutory |  |  |  |  |  |  |  |
Federal rate |  | $ | 35,351 |  |  |  | 16,723 |
State income taxes (net of Federal |  |  |  |  |  |  |  |
income tax benefit) |  |  | 10,186 |  |  |  | 2,476 |
Tax Cut and Jobs Act of 2017 |  |  | - |  |  |  | (11,834 | )
Other, net |  |  | (2 | ) |  |  | (50 | )
Provision for income taxes |  | $ | 45,535 |  |  |  | 7,315 |
Deferred tax assets and deferred tax liabilities (in thousands) |
|  | As of |  | As of
|  | December 31, |  | December 31,
|  | 2018 |  | 2017
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property and equipment |  | $ | 28,329 |  |  |  | 25,212 |
Depletion |  |  | 721 |  |  |  | 660 |
Unrealized rents |  |  | 52 |  |  |  | 1,166 |
Prepaid expenses |  |  | 38 |  |  |  | 431 |
Gross deferred tax liabilities |  |  | 29,140 |  |  |  | 27,469 |
Deferred tax assets: |  |  |  |  |  |  |  |
Employee benefits and other |  |  | 1,159 |  |  |  | 1,487 |
Gross deferred tax assets |  |  | 1,159 |  |  |  | 1,487 |
Net deferred tax liability |  | $ | 27,981 |  |  |  | 25,982 |

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- 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=84230637&loc=d3e32639-109319 + Details
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