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Income taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of differences between tax provision and Federal and Provincial statutory income taxes | The reasons for the differences are as follows:
Year ended December 31, |  | 2022 |  | 2021
Income before income taxes |  | $ | 84,445 |  |  | $ | 60,693 |
Equity earnings in affiliates and joint ventures |  | (37,053) |  |  | (21,860) |
|  | $ | 47,392 |  |  | $ | 38,833 |
Tax rate |  | 23.00 | % |  | 23.00 | %
Expected expense |  | $ | 10,900 |  |  | $ | 8,932 |
Adjustments related to: |  |  |  |
Stock-based compensation |  | 1,090 |  |  | 1,043 |
Foreign tax rate differential |  | 183 |  |  | 233 |
Tax on equity earnings in affiliates and joint ventures |  | 5,162 |  |  | 935 |
Other |  | (262) |  |  | (1,858) |
Total income tax expense |  | $ | 17,073 |  |  | $ | 9,285 |
Current income tax expense |  | $ | 1,627 |  |  | $ | 1,000 |
Deferred income tax expense |  | 15,446 |  |  | 8,285 |
Total income tax expense |  | $ | 17,073 |  |  | $ | 9,285 |
Schedule of deferred tax assets and liabilities | The deferred tax assets and liabilities are summarized below:
|  | December 31, 2022 |  | December 31, 2021
Deferred tax assets: |  |  |  |
Non-capital and net capital loss carryforwards |  | $ | 33,630 |  |  | $ | 40,367 |
Finance lease obligations |  | 17,981 |  |  | 24,785 |
Operating lease obligations |  | 3,415 |  |  | 3,247 |
Stock-based compensation |  | 4,200 |  |  | 4,029 |
Other |  | 2,241 |  |  | (1,154) |
|  | $ | 61,467 |  |  | $ | 71,274 |
Deferred tax liabilities: |  |  |  |
Contract assets |  | $ | 3,199 |  |  | $ | 932 |
Property, plant and equipment |  | 123,274 |  |  | 124,265 |
Other |  | 6,494 |  |  | 2,277 |
|  | $ | 132,967 |  |  | $ | 127,474 |
Net deferred income tax liability |  | $ | 71,500 |  |  | $ | 56,200 |
Classified as:
|  | December 31, 2022 |  | December 31, 2021
Deferred tax asset |  | $ | 387 |  |  | $ | — |
Deferred tax liability |  | (71,887) |  |  | (56,200) |
|  | $ | (71,500) |  |  | $ | (56,200) |
Schedule of non-capital losses for income tax purposes | At December 31, 2022, the Company has non-capital loss carryforwards of $146,217, which expire as follows:
|  | December 31, 2022
2026 |  | $ | 3 |
2027 |  | 278 |
2032 |  | 176 |
2033 |  | 9,095 |
2037 |  | 5 |
2039 |  | 146 |
2040 |  | 112,450 |
2041 |  | 16,816 |
2042 |  | 7,248 |
|  | $ | 146,217 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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