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Income taxes
 9 Months Ended
Sep. 30, 2025
Income taxes [Abstract]  
Income taxes

Note 6 – Income taxes:

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Three months ended

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Nine months ended

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September 30, 

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September 30, 

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2024

    

2025

    

2024

    

2025

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(In thousands)

Expected tax expense, at the U.S. federal statutory
  income tax rate of 21%

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$

963

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$

1,167

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$

3,339

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$

4,088

State income taxes

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134

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157

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467

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548

Other, net

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9

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15

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17

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27

Total provision for income taxes

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$

1,106

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$

1,339

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$

3,823

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$

4,663

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Comprehensive provision for income taxes allocable to:

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Net income

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$

1,106

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$

1,339

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$

3,823

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$

4,663

Other comprehensive loss - marketable securities

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(1)

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—

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(1)

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—

Total

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$

1,105

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$

1,339

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$

3,822

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$

4,663

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On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law in the United States. The OBBBA, among other provisions, provides for bonus depreciation of qualified property, permanently modifies the interest expense deduction to use an adjusted taxable income based on a calculation similar to EBITDA, and makes changes to international tax provisions including Foreign-Derived Intangible Income (“FDII”) (renamed Foreign-derived Deduction Eligible Income (“FDDEI”)). The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The OBBBA did not have a material impact on our 2025 consolidated financial statements, and we are in the process of evaluating the impact to future years as additional provisions take effect.