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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024, 2023 and 2022 are as follows:

		2024
		Current				Deferred				Total
US Federal		$	—			$	1,201			$	1,201
US State			47				—				47
Canadian			30				(2,940	)			(2,910	)
		$	77			$	(1,739	)		$	(1,662	)

		2023
		Current				Deferred				Total
US Federal		$	—			$	3,000			$	3,000
US State			34				—				34
Canadian			371				4,046				4,417
		$	405			$	7,046			$	7,451

		2022
		Current				Deferred				Total
US Federal		$	—			$	14,650			$	14,650
US State			72				(2,085	)			(2,013	)
Canadian			(5,222	)			(2,734	)			(7,956	)
		$	(5,150	)		$	9,831			$	4,681

Summary of Effective Income Tax Rate Reconciliation

The (recovery of) provision for income taxes reflected in the consolidated statement of operations for the years ended December 31, 2024, 2023 and 2022 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,
		2024				2023				2022
(Loss) income before income taxes		$	(37,305	)		$	(27,368	)		$	(96,734	)
Tax (recovery) calculated at US domestic tax rates			(7,834	)			(5,747	)			(20,339	)
State tax adjustments			(364	)			(457	)			(1,799	)
Non-deductible items			920				1,100				928
True up of prior year income tax estimates			(39	)			318				—
Deferred adjustment			(135	)			32				(3,324	)
Tax rate differences on deferred items			(318	)			(34	)			308
Foreign rate differentials			—				—				88
Change in tax rates			71				135				5
Change in valuation allowance			6,031				12,111				28,684
Other			6				(7	)			130
Recovery of income taxes		$	(1,662	)		$	7,451			$	4,681

Summary of Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred income taxes at December 31, 2024 and 2023 are as follows:

		2024				2023
Deferred tax assets:
Other assets		$	6,969			$	6,473
Long-term debt			928				824
Tax losses: Non-capital and farm losses			37,563				37,665
Provisions: Debt and unit issuance costs			415				1,058
Tax Losses: Capital Losses			129				—
Intangibles			6,409				3,458
Lease Liability			2,075				2,534
Tax losses: Valuation allowance			(48,561	)			(42,530	)
			5,927				9,482
Deferred tax liabilities:
Joint venture shares			(2,346	)			(2,464	)
Cash adjustment			(10,506	)			(15,356	)
Right-of-use Assets			(1,850	)			(2,371	)
Property, plant and equipment			(10,160	)			(11,820	)
			(24,862	)			(32,011	)
Net deferred tax liabilities		$	(18,935	)		$	(22,529	)

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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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-Topic 740
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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.

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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.

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