XML 68 R44.htm IDEA: XBRL DOCUMENT v3.25.1

Income taxes (Tables)

12 Months Ended

Dec. 31, 2024

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,						2024						2023
Income before income taxes						$	60,035					$	85,963
Equity earnings in affiliates and joint ventures						(15,299)						(25,199)
						$	44,736					$	60,764
Tax rate						23.00		%				23.00		%
Expected expense						$	10,289					$	13,976
Adjustments related to:
Stock-based compensation						1,241						1,092
Foreign tax rate differential						2,463						2,164
Tax on equity earnings in affiliates and joint ventures						3,519						5,794
Other						(1,562)						(204)
Total income tax expense						$	15,950					$	22,822
Current income tax expense						$	(3,280)					$	6,841
Deferred income tax expense						19,230						15,981
Total income tax expense						$	15,950					$	22,822

Schedule of deferred tax assets and liabilities

The deferred tax assets and liabilities are summarized below:

						December 31, 2024						December 31, 2023
Deferred tax assets:
Non-capital and net capital loss carryforwards						$	13,740					$	26,713
Finance lease obligations						26,541						23,116
Accrued liabilities						5,721						3,211
Operating lease obligations						3,116						6,161
Stock-based compensation						5,542						4,913
Contingent obligations						17,200						1,229
Acquisition costs						1,470						1,858
Other						7,051						5,611
						$	80,381					$	72,812
Deferred tax liabilities:
Contract assets						$	602					$	5,693
Property, plant and equipment						179,581						168,813
Investments in affiliates and joint ventures						12,387						2,266
Operating lease right-of-use assets						3,002						2,827
Deferred financing costs						1,114						1,355
Other						9,073						682
						$	205,759					$	181,636
Net deferred income tax liability						$	125,378					$	108,824

Classified as:

						December 31, 2024						December 31, 2023
Deferred tax asset						$	—					$	—
Deferred tax liability						(125,378)						(108,824)
						$	(125,378)					$	(108,824)

Schedule of non-capital losses for income tax purposes

At December 31, 2024, the Company has non-capital loss carryforwards of $63,213, which expire as follows:

						December 31, 2024
2026						$	3
2027						278
2032						175
2033						9,095
2037						5
2039						29
2040						406
2041						3,569
2042						3,576
2043						3,398
2044						2,731
No expiry						39,948
						$	63,213

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-3

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration