XML 21 R10.htm IDEA: XBRL DOCUMENT v3.24.3
Federal Income Tax Receivable
 9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Federal Income Tax Receivable Federal Income Tax ReceivableOn March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted in response to the economic impact caused by the COVID-19 pandemic. The CARES Act allowed net operating losses (“NOLs”) incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid federal income taxes. We generated significant NOLs during 2018 and 2019, and have filed amended returns to carryback these losses for five years. Accordingly, during 2020, we recorded a federal income tax receivable of $15.0 million and an increase to our deferred income tax liability of $10.1 million on our Condensed Consolidated Balance Sheet. During the third quarter of 2020, we received refunds totaling $3.9 million related to our 2018 NOLs, which reduced our federal income tax receivable to $11.4 million and $11.5 million on our Condensed Consolidated Balance Sheet as of September 30, 2024 and December 31, 2023, respectively.