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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Summary of income tax provision (recovery)

The components of the provision for (recovery of) income tax for the years ended December 31, 2020, 2019 and 2018 are as follows:

		2020
		Current				Deferred				Total
US Federal		$	—			$	(4,879	)		$	(4,879	)
US State			260				(434	)			(174	)
Canadian			3,412				(1,149	)			2,263
		$	3,672			$	(6,462	)		$	(2,790	)

		2019
		Current				Deferred				Total
US Federal		$	—			$	(5,922	)		$	(5,922	)
US State			8				(751	)			(743	)
Canadian			(19	)			818				799
		$	(11	)		$	(5,855	)		$	(5,866	)

		2018
		Current				Deferred				Total
US Federal		$	—			$	(1,786	)		$	(1,786	)
US State			8				(187	)			(179	)
Canadian			422				(757	)			(335	)
		$	430			$	(2,730	)		$	(2,300	)

Summary of effective income tax rate reconciliation

The provision for (recovery of) income taxes reflected in the consolidated statements of (loss) income for the years ended December 31, 2020, 2019 and 2018 differs from the amounts computed at the federal statutory tax rates. The principal differences between the statutory income tax (recovery) and the effective provision for (recovery of) income taxes are summarized as follows:

		Year Ended December 31,
		2020				2019				2018
Income (loss) before income taxes		$	8,818			$	(3,541	)		$	(9,815	)
Tax (recovery) calculated at US domestic tax rates			1,869				(744	)			(2,061	)
State tax adjustments			(310	)			(350	)			—
Non-deductible items			(6,531	)			1,304				394
True up of prior year income tax estimates			(181	)			207				(206	)
Capitalized debt amortization costs			—				(631	)			—
Share of (income) losses from joint venture			(228	)			(4,367	)			(75	)
Unrealized foreign exchange			—				(276	)			(309	)
Deferred adjustment			343				(1,920	)			—
Differences attributed to joint venture capital transactions			—				(487	)			—
Tax rate differences on deferred items			49				(42	)			(56	)
Differences in Canadian tax rates			1,643				1,472				92
Change in tax rates			37				—				—
Change in valuation allowance			3				(144	)			—
Other			516				112				(79	)
Provision for (recovery of) income taxes		$	(2,790	)		$	(5,866	)		$	(2,300	)

Summary of deferred tax assets and liabilities

Significant components of the Company’s net deferred income taxes at December 31, 2020 and 2019 are as follows:

		2020				2019
Deferred tax assets:
Other assets		$	4,935			$	2,536
Long-term debt			897				1,040
Tax losses: Non-capital and farm losses			14,336				11,553
Provisions: Debt and unit issuance costs			1,355				800
Joint venture shares			—				1,154
Tax losses: Valuation allowance			(35	)			(31	)
			21,488				17,052
Deferred tax liabilities:
Joint venture shares			(2,651	)			(2,593	)
Cash adjustment			(7,604	)			—
Property, plant and equipment			(15,980	)			(8,333	)
			(26,235	)			(10,926	)
Net tax assets		$	(4,747	)		$	6,126

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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