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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Provision for income tax expense | The Provision for income tax expense included in the financial statements (in thousands):
|  | Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Included in Net income: |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1,516 |  |  |  | 1,530 |  |  |  | 10,281 |
Comprehensive income |  |  | 551 |  |  |  | (515 | ) |  |  | (209 | )
Total tax expense |  | $ | 2,067 |  |  |  | 1,015 |  |  |  | 10,072 |
Provision for income taxes | The Provision for income taxes (income tax benefit) consists of the following (in thousands):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |  |
Federal |  | $ | 2 |  |  |  | (214 | ) |  |  | 305 |
State |  |  | 570 |  |  |  | (571 | ) |  |  | 1,826 |
Current income tax expense |  |  | 572 |  |  |  | (785 | ) |  |  | 2,131 |
Deferred |  |  | 1,495 |  |  |  | 1,800 |  |  |  | 7,941 |
Total |  | $ | 2,067 |  |  |  | 1,015 |  |  |  | 10,072 |
Income tax reconciliation | A reconciliation between the amount of tax shown above and the amount computed at the statutory Federal income tax rate follows (in thousands):Income tax reconciliation
|  | Year Ended December 31
|  | 2023 |  | 2022 |  | 2021
Amount computed at statutory |  |  |  |  |  |  |  |  |  |  |  |
Federal rate |  | $ | 1,812 |  |  |  | 924 |  |  |  | 7,941 |
State income taxes (net of Federal income tax benefit) |  |  | 178 |  |  |  | (30 | ) |  |  | 2,634 |
Other, net |  |  | 77 |  |  |  | 121 |  |  |  | (503 | )
Provision for income taxes |  | $ | 2,067 |  |  |  | 1,015 |  |  |  | 10,072 |
Temporary tax differences | The types of temporary differences and their related tax effects that give rise to deferred tax assets and deferred tax liabilities are presented below (in thousands):Temporary tax differences
|  | December 31,
|  | 2023 |  | 2022 |  | 2021
Deferred tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment |  | $ | 42,317 |  |  |  | 41,866 |  |  |  | 38,143 |
Investment in opportunity zone |  |  | 34,966 |  |  |  | 34,871 |  |  |  | 30,846 |
Depletion |  |  | 706 |  |  |  | 697 |  |  |  | 704 |
Unrealized rents |  |  | 385 |  |  |  | 150 |  |  |  | 58 |
Prepaid expenses and other |  |  | 256 |  |  |  | 31 |  |  |  | 36 |
Gross deferred tax liabilities |  |  | 78,630 |  |  |  | 77,615 |  |  |  | 69,787 |
Deferred tax assets: |  |  |  |  |  |  |  |  |  |  |  |
Federal tax loss carryforwards |  |  | 3,153 |  |  |  | 6,375 |  |  |  | 3,235 |
State tax loss carryforwards |  |  | 6,012 |  |  |  | 2,359 |  |  |  | 1,388 |
Employee benefits and other |  |  | 9 |  |  |  | 921 |  |  |  | 1,117 |
Gross deferred tax assets |  |  | 9,174 |  |  |  | 9,655 |  |  |  | 5,740 |
Net deferred tax liability |  | $ | 69,456 |  |  |  | 67,960 |  |  |  | 64,047 |
NOL Carryovers | NOL Carryovers
|  | Years Ended
Other Items - All Gross |  |  | 12/31/2023 |  |  |  | 12/31/2022 |
State NOL Carryovers |  |  | 49,278,000 |  |  |  | 38,169,000 |
Federal NOL Carryovers |  |  | 28,637,000 |  |  |  | 30,358,000 |

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