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Note 14 - Income Taxes | 9 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | NOTE 14 INCOME TAXES Income tax (benefit) expense for the three and nine months ended September 30, 2023 and September 30, 2022 varies from the amount that would result by applying the applicable U.S. federal corporate income tax rate of 21% to (loss) income from continuing operations before income tax (benefit) expense. The following table summarizes the differences:
(in thousands) |  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Income tax expense (benefit) at U. S. statutory income tax rate |  | $ | (187 | ) |  | $ | 9,450 |  |  | $ | 5,456 |  |  | $ | 7,856 |
Valuation allowance |  |  | (212 | ) |  |  | (9,609 | ) |  |  | (5,876 | ) |  |  | (9,140 | )
Non-deductible compensation |  |  | 166 |  |  |  | 695 |  |  |  | 232 |  |  |  | 763 |
Investment income |  |  | (54 | ) |  |  | (161 | ) |  |  | 29 |  |  |  | (172 | )
State income tax |  |  | 80 |  |  |  | 2,488 |  |  |  | 690 |  |  |  | 2,683 |
Indefinite life intangibles |  |  | 59 |  |  |  | (78 | ) |  |  | 198 |  |  |  | 29 |
Disposition of subsidiary |  |  | 18 |  |  |  | 3,267 |  |  |  | 18 |  |  |  | 3,267 |
Contingent consideration |  |  | — |  |  |  | 4 |  |  |  | 14 |  |  |  | 319 |
Other |  |  | 28 |  |  |  | 5 |  |  |  | 49 |  |  |  | 15 |
Income tax expense |  | $ | (102 | ) |  | $ | 6,061 |  |  | $ | 810 |  |  | $ | 5,620 |
The Company maintains a valuation allowance for its gross deferred tax assets at September 30, 2023 and December 31, 2022. The Company's operations have generated substantial operating losses in prior years. These losses can be available to reduce income taxes that might otherwise be incurred on future taxable income; however, it is uncertain whether the Company will generate the taxable income necessary to utilize these losses or other reversing temporary differences. This uncertainty has caused management to place a full valuation allowance on its September 30, 2023 and December 31, 2022 net deferred tax asset, excluding the deferred income tax liability amou nts set forth in the paragraph below which were determined to not reverse and offset existing deferred tax assets. For each of the three months ended September 30, 2023 and September 30, 2022, the Company released into income $0.3 million ($0.3 million and $0.8 million for the nine months ended September 30, 2023 and September 30, 2022, respectively), of its valuation allowance associated with business interest expense carryforwards with an indefinite life and deferred tax liabilities from acquisitions.
The Company carries net deferred income tax liabilities of $4.5 million and $4.2 million at September 30, 2023 and December 31, 2022, respectively, that consists of:
| • | $4.0 million and $3.8 million of deferred income tax liabilities related to indefinite lived intangible assets; and
| • | $0.5 million and $0.4 million of deferred state income tax liabilities.
As of September 30, 2023 and December 31, 2022, the Company carried a liability for unrecognized tax benefits of zero. The Company classifies interest and penalty accruals, if any, related to unrecognized tax benefits as income tax expense. The Company recorded income tax expense of zero and less than $0.1 million related to interest and penalty accruals for the three months ended September 30, 2023 and September 30, 2022, respectively (zero and $0.1 million for the nine months ended September 30, 2023 and September 30, 2022, respectively).

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//740/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-21 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482526/740-270-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-17 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482603/740-30-50-2 + Details
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