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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Provision for Income Taxes | The (provision for) benefit from income taxes for the years ended December 31, 2021 and 2020, consists of the following (in thousands):
| 2021 |  | 2020
Current benefit: |  |  |
Federal benefit | $ | — |  |  | $ | 15,587 |
State (expense) benefit | 1 |  |  | (149) |
Total current benefit | 1 |  |  | 15,438 |
Deferred benefit: |  |  |
Federal benefit (expense) | 1,991 |  |  | (10,234) |
State benefit (expense) | 611 |  |  | (412) |
Total deferred benefit (expense) | 2,602 |  |  | (10,646) |
Total benefit | $ | 2,603 |  |  | $ | 4,792 |
Effective Income Tax Rate Reconciliation | The effective tax rate for the years ended December 31, 2021 and 2020, differs from the statutory rate as follows:
| 2021 |  | 2020
Statutory rate | 21.0 | % |  | 21.0 | %
State and local taxes | 5.2 | % |  | (17) | %
Stock based compensation | (0.7) | % |  | (13.1) | %
Nondeductible compensation | (3.6) | % |  | (11.6) | %
Effect of CARES Act | — | % |  | 180.3 | %
Other | 0.2 | % |  | 0.5 | %
Effective rate | 22.1 | % |  | 160.1 | %
Effective rate | 22.1 | % |  | 160.1 | %
Deferred Tax Assets and Liabilities | The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and (liabilities) as of December 31, 2021 and 2020, are as follows (in thousands):
| 2021 |  | 2020
Deferred income tax assets: |  |  |
Net operating loss | $ | 5,355 |  |  | $ | 3,361 |
Research and development credits | 1,363 |  |  | 1,363 |
Stock compensation | 114 |  |  | 175 |
Deferred compensation | 632 |  |  | 705 |
Other | 515 |  |  | 398 |
Total deferred income tax assets | 7,979 |  |  | 6,002 |
Deferred income tax liabilities: |  |  |
Property and equipment | (47,044) |  |  | (47,626) |
Goodwill and other intangible assets | (223) |  |  | (266) |
Total deferred income tax liabilities | (47,267) |  |  | (47,892) |
Net deferred income tax liabilities | $ | (39,288) |  |  | $ | (41,890) |

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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=121826272&loc=d3e32639-109319 + Details
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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 http://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 http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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